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Canadian Solar sells Mississippi Mills to TransCanada

Staff writer ▼ | January 2, 2014
Canadian Solar Inc. said its wholly owned subsidiary Canadian Solar Solutions Inc. has completed the sale of Mississippi Mills, a 10 megawatt AC solar power plant valued at more than C$61 million to TransCanada Corporation.
Canadian Solar
Canadian SolarCanadian Solar Inc. said its wholly owned subsidiary Canadian Solar Solutions Inc. has completed the sale of Mississippi Mills, a 10 megawatt AC solar power plant valued at more than C$61 million to TransCanada Corporation.


"This is the fourth of nine solar power plants totaling 86MW AC that we agreed to build and sell to TransCanada for approximately C$500 million," said Shawn Qu, chairman and chief executive officer of Canadian Solar.

"Our ability to successfully execute on this multi-facility project reflects the strength of Canadian Solar's team and our partners. This should give investors added confidence in our ability to execute on our broader late-stage project backlog, which now stands at over 1.0 GW."

The Mississippi Mills 10 megawatt AC solar power plant is located in the town of Mississippi Mills in Eastern Ontario. Canadian Solar Solutions Inc. will provide turnkey engineering, procurement and construction services to each of the nine projects.


 

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