Seeking Alpha

Canadian Solar sells fourth utility scale solar power plant to BlackRock

  • Canadian Solar (CSIQ+2.2% premarket on the sale of a fourth utility scale solar power plant in Ontario to a fund managed by BlackRock.
  • CSIQ says the sale of the 10 MW Oro-Medonte plant is at a valuation comparable to other recent project sales in Ontario on a per megawatt basis.
  • The latest deal follows BlackRock's previously announced acquisition of the Demorestville, Taylor Kidd and Westbrook solar power plants in Ontario.
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