Canadian Solar Closes Sale Of Third Solar Power Plant To BluEarth - Quick Facts

(RTTNews) - Canadian Solar Inc. (CSIQ) said its wholly-owned subsidiary, Canadian Solar Solutions Inc., has completed the sale of SparkleLight, a 10 megawatt AC solar power plant, to a subsidiary of Canada-based renewable power producer BluEarth Renewables Inc.

SparkleLight, located in Beavertown, Ontario, is the third of four planned solar power plants being acquired by BluEarth from Canadian Solar. The facility is valued at about C$66 million, or $57 million, and uses Canadian Solar's CS6X-300/305P modules made in Canada.

Kent Brown, President and Chief Executive Officer of BluEarth said, "BluEarth is pleased to be expanding our renewable energy portfolio with the addition of the SparkleLight facility. This acquisition brings us one step closer to our goal of $1 billion of high-quality operating assets by 2017."