Canadian Solar Selling Fourth Ontario Power Project to BlackRockJustin Doom
Canadian Solar Inc., the best-performing solar manufacturer last year, agreed to sell an Ontario power plant to a BlackRock Inc. fund, its fourth project in the province to be bought by the New York-based money manager.
The 10-megawatt Oro-Medonte power plant is expected to begin generating electricity in the third quarter, Guelph, Ontario-based Canadian Solar said today in a statement. Terms weren’t disclosed.
Canadian Solar increased more than eightfold in 2013, the most in the Bloomberg Industries Global Large Solar Energy Index.