Canadian Solar, one of the world's largest solar power companies, announced this week wholly-owned subsidiary, Canadian Solar Solutions Inc, on Monday, June 30, completed the sale of the 10 MW AC Val Caron solar power plant valued at over C$60 million (US$56.4 million) to One West Holdings Ltd, an affiliate of Concord Green Energy.
The Val Caron plant is in the city of Greater Sudbury, Ontario.
"We are excited to have reached another acquisition milestone," said Cliff McCracken, senior VP of Concord Pacific. "Solar energy will soon be a significant contributor to our clean power portfolio of projects already in operation across Canada."
Canadian Solar chairman and chief executive Shawn Qu, added: "We are pleased to close the first of five planned solar project sales to Concord Green Energy.
"This underscores our continued momentum in the Canadian market. Clearly, we continue to leverage our unequalled strength in our home market, where we operate two state-of-the-art module manufacturing facilities with a combined capacity of 500 MW, and employing over 700 Canadian employees.
"Our utility-scale solar project backlog in Canada now stands at over 570 MW DC, even after considering the 116 MW DC of solar projects we have already completed and delivered to end-buyers in Ontario."
