Canadian Solar today announced that its wholly-owned subsidiary, CSI New Energy Holding has completed the sale of three solar power plants in China, totaling 44.3 MWp to Shenzhen Energy Nanjing Holding, a subsidiary of Shenzhen Energy Group.
The transaction was closed on December 29, 2017 and the Company expects to recognize revenue from the sale of the plants for the fourth quarter of 2017.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar commented:
“With the sale of these three solar plants, we have now sold a total of seven plants in China to Shenzhen Energy. As a developer for solar power plants, we are delighted to see many traditional energy companies such as Shenzhen Energy are looking to own and grow more renewable energy assets. This trend will bring cleaner air to China.”
Source: Press Releasey by Canadian Solar. Photo Credit: © Canadian Solar.