Canadian Solar Inc. announced that it has completed the sale of a 142MWp solar portfolio to Greencoat Solar II LP, managed by Greencoat Capital LLP.
"We are delighted to work with Greencoat, a leading UK renewable infrastructure investment firm, on the sale of our solar asset portfolio. Our sizable operational portfolio creates an interesting investment platform for high quality solar asset growth in the UK," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. "This transaction demonstrates our continuing ability to monetize our assets effectively and maximize shareholder return. We are well positioned to capitalize on the appreciating sterling pound currency environment and look forward to partnering with Greencoat on future opportunities."