Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Canadian Solar Sells Two Power Plants to BlackRock-Managed Fund

Oct. 3 (Bloomberg) -- Canadian Solar Inc. sold two utility-scale power plants with a capacity of 20 megawatts to a fund managed by BlackRock Inc.

The sale was conducted at a valuation comparable to other recent transactions completed by Canadian Solar on a per megawatt basis in the Ontario market, the company said today in a statement.

The two plants are located in Demorestville and Odessa, Ontario. Construction started in the first and third quarter of 2013, with commercial operation expected in the fourth quarter of 2013 and second quarter of 2014, respectively.

TransCanada Corp. yesterday completed the purchase of two power plants from Canadian Solar for C$95 million ($92 million).

Link to Statement:{NSN MU3ABP3MSFLS <GO>}

Link to Company News:{BLK US <Equity> CN <GO>} Link to Company News:{TRP CN <Equity> CN <GO>} Link to Company News:{CSIQ US <Equity> CN <GO>}

To contact the editor responsible for this story: Stephen Cunningham at scunningha10@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.