First Solar Sells Ontario Power Plants to GE Energy Financial Services

First Solar Inc. said Monday that it has sold three Ontario-based solar power plants to an investment partnership led by GE Energy Financial Services. No financial terms were disclosed. The ABW Partnership, which is comprised of GE Energy Financial Services and Alterra Power Corp., raised debt for the acquisition while Manufacturers Life Insurance Co. served as agent and lead arranger. Update: The debt syndicate consists of The Great-West Life Assurance Co., Sun Life Assurance Co. of Canada and Caisse de dépôt et placement du Québec.

DealsCanadaNorth AmericaBriefs