Canadian Solar Completes Sale of 235MW Solar Portfolio to KEPCO

Publicado el 14 mar. 2018
CSI Solar 
Canadian Solar Inc. announced its subsidiary Recurrent Energy, LLC has finalized the sale of its interests in three solar photovoltaic projects totaling 235MWac/309MWp. The Korea Electric Power Corporation ("KEPCO") with an installed capacity of 79GW, acquired the interests in the Astoria (100MWac/131MWp), Astoria 2 (75MWac/100MWp), and Barren Ridge (60MWac/78MWp) projects located in southern California. 

"These high-quality solar assets are a strategic addition to our renewable energy holdings and will allow us to further diversify our generation portfolio," said Mr. Bong-soo Ha, executive vice president and chief global business officer, KEPCO. "We expect further cooperation with Canadian Solar and are also pleased to be working with an industry-leading developer like Recurrent Energy as we grow our presence in the attractive U.S. solar market."

"Traditional investors increasingly view utility-scale solar as a strategic investment, and this transaction with a global energy leader highlights that trend," said Shawn Qu, chairman and chief executive officer of Canadian Solar. "The Recurrent Energy team continues to create value through deals with world-class investors that monetize our quality U.S. solar project assets."


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