Canadian Solar Enters Binding Contracts for the Sale of Three Solar Farms Totalling 117 MWp in Queensland Australia
GUELPH, Ontario, Oct. 16, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has entered into binding contracts to sell interests in three solar farms in Queensland, Australia, with an aggregate 117 MWp of capacity to Foresight Solar Fund Limited ("FSFL"). The portfolio consists of Longreach Solar Farm (17 MWp), Oakey 1 Solar Farm (30 MWp) and Oakey 2 Solar Farm (70 MWp) with FSFL acquiring 49% interests in each of Longreach and Oakey 1, and a 100% interest in Oakey 2. Two of the three solar farms (Oakey 1 and Longreach) hold 20-year offtake agreements with the Queenslan...
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