Canadian Solar sells LunarLight solar power plant to BluEarth

Source:Canadian Solar Inc.

Canadian Solar sells LunarLight solar power plant to BluEarth

Canadian Solar Inc. (the "Company", or "Canadian Solar") (CSIQ), one of the world's largest solar power companies, today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., completed the sale of LunarLight, a 10 megawatt ("MW") AC solar power plant to a subsidiary of BluEarth Renewables Inc. ("BluEarth").   LunarLight, located in Belleville, Ontario, is the last in a series of power plants acquired by BluEarth from Canadian Solar. The facility is valued at approximately C$65 million (USD$53 million) and uses Canadian Solar's CS6X-300/305P modules made in Canada.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "We are pleased to announce the closing of the fourth utility-scale solar power plant to BluEarth Renewables, a private independent renewable power producer. The completion of the LunarLight project underscores Canadian Solar's position as a global energy provider in the Ontario landscape. We take great pride in the diverse project portfolio that we have built in North America."

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