Canadian Solar Completes the Sale of Two Solar Power Plants to Chinese Company

Guelph-Ontario headquartered Canadian Solar Inc. has announced that its wholly-owned subsidiary CSI New Energy Holding Co., Ltd. has completed the sale of two solar power plants in China’s Jiangsu Province to Shenzhen Energy Nanjing Holding Co., Ltd., a subsidiary of state-owned Shenzhen Energy Group Co., Ltd. The purchase price was approximately US$32.2 million. Shenzhen Energy Nanjing Holding Co., Ltd. invests in, constructs, and operates new energy and conventional energy projects. Canadian Solar manufactures and provides solar energy solutions and has delivered services in over 90 countries worldwide.

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