Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., completed the sale of the 10 MW AC Mighty Solar power plant ("Mighty Solar") valued at over C$60 million ($54.9) to One West Holdings Ltd., an affiliate of Concord Green Energy ("Concord"). The Mighty Solar 10 MW AC solar power plant is located in the town of Chesterville, Ontario.
Dr. Shawn Qu, Chairman and Chief Executive Office of Canadian Solar, commented, "We are pleased to complete the sale and transfer of the second utility-scale solar project to Concord Green Energy. This is an important milestone for Canadian Solar to have executed two of the five projects under the purchase sales agreement. It is important to have a partner who shares our vision of creating clean renewable energy for the future generations to come. We are pleased to support Concord on their investments in green energy opportunities within Ontario while fulfilling their mission of creating sustainable communities. We look forward to continued successful cooperation with Concord."