TransCanada Goes Solar With $456M Power Plants Buy

Law360, New York (December 20, 2011, 3:20 PM EST) -- Energy infrastructure heavyweight TransCanada Corp. is entering into solar generation with the acquisition of nine solar power plants from Canadian Solar Inc. for CA$470 million (US$456 million), the companies announced Tuesday.

Under the purchase agreement, Canadian Solar’s subsidiary Canadian Solar Solutions Inc. will build nine utility-scale plants for TransCanada, giving the energy infrastructure giant a solar power portfolio with a combined capacity of 86 megawatts. The plants, slated to come into service in by early 2013, carry 20-year power purchase contracts with the Ontario Power Authority,...
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