Canadian Solar sells fourth utility scale solar power plant to BlackRock

|About: Canadian Solar Inc. (CSIQ)|By:, SA News Editor

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.