Canadian Solar’s wholly-owned subsidiary, CSI New Energy Holding Co., Ltd sold the three PV plants, totaling 44.3 MWp, to Shenzhen Energy, a subsidiary of Shenzhen Energy Group Co., Ltd, on December 29. The financial details were not disclosed.
Overall, the Chinese solar giant has sold seven PV plants to Shenzhen Energy. Last April, it sold two with combined capacity of around 69.5 MWp for around US$99.8 million. Meanwhile, in the previous January, it sold another two for US$32.2 million. This time the projects' capacities were not disclosed.
In its Q3 2017 financials, Canadian Solar’s net attributable income fell to $13.3 million, from $38.2 million the previous quarter.
Popular content
It recorded strong performance in its module manufacturing business, however, shipping 1.87 GW for the quarter, compared with 1.74 GW for the previous quarter. Revenue also rose to $912 million, 31% above the previous quarter, and 39% above the figure for Q3 2016.
At the end of last year, the company received a “going private” proposal from chairman, president and CEO, Dr. Shawn Qu. The Canadian Solar board has formed a special committee to consider it.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.