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Canadian Solar Completes the Sale of Two Solar Power Plants in China

Published on 13 Apr 2017
CSI Solar 
Canadian Solar Inc. today announced that CSI New Energy Holding Co., Ltd. has completed the sale of two solar power plants in China, totalling approximately 69.5MW to Shenzhen Energy Nanjing Holding Co., Ltd. for approximately RMB687.1 million (US$99.8 million). The transaction was closed in March 2017 and the Company expects to recognize revenue from the sale of the plants when all revenue recognition criteria have been met.

"We are pleased to have closed the sale of two additional solar power plants in China to Shenzhen Energy," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, "We are well on track to monetize our operating solar power plants in China and other countries. Shenzhen Energy is an important strategic partner of Canadian Solar and we look forward to further expanding our strong partnership with them for more opportunities in the future."


ENF Profiles For Companies Mentioned in This Article

CSI Solar (Solar Materials): https://www.enfsolar.com/csi-solar
CSI Solar (Solar Panels): https://www.enfsolar.com/csi-solar
CSI Solar (Solar Components): https://www.enfsolar.com/csi-solar
CSI Solar (Solar System Installers): https://www.enfsolar.com/csi-solar
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