Canadian Solar has sold Mississippi Mills, a 10MW AC photovoltaic (PV) power plant in Ontario, Canadan, to energy infrastructure company TransCanada as part of a wider deal involving nine plants with a total capacity of 86MW.
The deal, worth CAN$61 million (US$57.2 million), was completed on 31 December 2013.
The plant, located in Mississippi Mills, eastern Ontario, Canada, is the fourth to be sold by Canadian Solar to TransCanada under the nine-plant deal, which was worth CAN$470 million (US$441.50 million) when it was announced in December 2011.
Canadian Solar is providing turnkey engineering, procurement and construction (EPC) services to each of the nine projects. The first, the 10MW Brockville 1 plant in Ontario, was sold to TransCanada in late June, followed soon after by the sale of Brockville 2 and Burritts Rapids in September.
Canadian Solar chairman and chief executive officer Shawn Qu said: “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.”