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Canadian Solar Announces the Sale of Two Utility Scale Solar Power Plants to a Fund Managed by BlackRock (Canadian Solar Inc)

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(Source: Canadian Solar Inc) GUELPH, Ontario and TORONTO, Oct, 3, 2013 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company", or "Canadian Solar"), one of the world's largest solar power companies, today announced that its subsidiary, Canadian Solar Solutions Inc., entered into an agreement with a fund managed by BlackRock ("BlackRock"), whereby BlackRock acquired from Canadian Solar two utility-scale solar power plants totaling 20MW (AC) on September 30th, 2013 at a valuation comparable to other recent project sales completed by Canadian Solar on a per megawatt basis in the Ontario market. Under the agreement, the two utility-scale...

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