Canadian Solar sells two solar projects to PSEG

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A subsidiary of Canadian Solar Inc. (Nasdaq: CSIQ) sold two utility-scale solar power plants in California to PSEG Solar Source, a subsidiary of PSEG (NYSE: PEG). The sale closed on December 16, 2013.

The solar projects, collectively called the PSEG Shasta Solar Farm, total 4.4 MW DC (3 MW AC) of generating power. They will use approximately 14,592 Canadian Solar CS6X modules.

Construction on the plants started in July and is expected to be completed in early 2014.

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