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Canadian Solar Inc. and TransCanada Corporation Announce Sales Agreement for 86MW Solar PV Project Portfolio in Ontario, Canada

ONTARIO, Canada, Dec. 20, 2011 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (CSIQ) (the "Company", "we" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc. (CSSI), has entered into a sales agreement with TransCanada Corporation (TransCanada), whereby TransCanada will acquire from Canadian Solar a 86 megawatts (MW) AC solar project portfolio for approximately $470 million Canadian dollars. Under the agreement, CSSI will provide TransCanada with 9 fully-operational and commissioned utility-scale solar projects across the Province of Ontario which are expected to come into service...

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