Canadian Solar buys Ontario solar assets from KKR for $270 mln
Canadian Solar Inc (NASDAQ: CSIQ) has purchased solar assets in Ontario from Kohlberg Kravis Roberts & Co (KKR). The enterprise value of the deal was $270 Million (US$203.7 Million). The acquired assets are three operating solar projects totaling 59.8 megawatts AC located in Sault Ste. Marie. Guelph, Ont.-based Canadian Solar, a solar power business, plans to assume the roles of both the owner and operator of the projects. In 2013, the infrastructure investment arm of KKR bought SSM Solar from an affiliate of Starwood Capital.
5 October 2015•3 mins read
