Canadian Solar to sell Australian solar farms to Foresight Solar
Canadian Solar Inc (NASDAQ: CSIQ) has agreed to sell interests in three solar farms in Queensland, Australia with 117 megawatt peak of capacity to Foresight Solar Fund, a U.K. infrastructure and private equity firm. No financial terms were released for the deal, which will see Foresight acquire 49 percent stakes in Longreach Solar Farm and Oakey 1 Solar Farm, and 100 percent of Oakey 2 Solar Farm. All three projects are expected to connect to the grid in 2018. Based in Guelph, Ontario, Canadian Solar is a maker of solar photovoltaic modules and a provider of solar energy solutions.
16 October 2017•4 mins read
