Canadian Solar sells Brazilian solar asset to KIA-backed GPG
Canadian Solar Inc (Nasdaq: CSIQ) has sold its interest in the Guimarania solar energy project in Brazil to Global Power Generation (GPG), an affiliate of Spanish energy group Gas Natural Fenosa. The deal's financial terms were not disclosed. The 80.6 megawatt peak Guimarania project is under construction and expected to reach commercial operation in the fourth quarter. It is the fourth asset developed and sold in Brazil by Canadian Solar, a Guelph, Ontario-based solar power business. GPG is co-owned by sovereign wealth fund Kuwait Investment Authority (KIA).
16 April 2018•3 mins read
