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Canadian Solar Subsidiary Recurrent Energy Closes North Carolina Project Sale to Falck Renewables

12/4/2017

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MILAN and GUELPH, Ontario, Dec. 4, 2017 /PRNewswire/ -- Recurrent Energy LLC ("Recurrent Energy"), a wholly owned subsidiary of Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), and Falck Renewables S.p.A. ("Falck Renewables") (FKR.MI) today announced the closing of the sale of 99 percent of the partnership that owns the Class B membership interest in the 92 MWp/71 MWac IS-42 solar project. Falck Renewables indirectly acquired 99 percent of the interests through its wholly owned subsidiary Falck Renewables IS 42 LLC, for an all-cash outlay of approximately 43 million U.S. dollars. In April of this year, debt and tax equity financing for the project was secured from Prud...

via Canadian Solar Inc. Press Releases http://ift.tt/2kkzAwR
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