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Canadian Solar Announces the Sale its Fourth Utility Scale Solar Power Plant in Ontario to a Fund Managed by BlackRock (Canadian Solar Inc)

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(Source: Canadian Solar Inc) GUELPH, Ontario and TORONTO, Feb. 6, 2014 /PRNewswire/ -- 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 will acquire from Canadian Solar the Oro-Medonte ("Oro") solar power plant totaling 10 MW AC at a valuation comparable to other recent project sales completed by Canadian Solar on a per megawatt basis in the Ontario market.  This latest transaction follows...

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