{"id":400,"date":"2019-12-12T09:48:41","date_gmt":"2019-12-12T00:48:41","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=400"},"modified":"2019-12-12T09:49:38","modified_gmt":"2019-12-12T00:49:38","slug":"canadian-solar-completes-the-sale-of-the-last-subsidized-operational-project-of-3-3-mwp-in-the-uk","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2019\/400.html","title":{"rendered":"CANADIAN SOLAR COMPLETES THE SALE OF THE LAST SUBSIDIZED OPERATIONAL PROJECT OF 3.3 MWP IN THE UK"},"content":{"rendered":"\n
\n

GUELPH, Ontario<\/location>, Dec. 5, 2019<\/chron> \/PRNewswire\/ — Canadian Solar Inc.<\/org><\/a> (the “Company” or “Canadian Solar<\/org>“) (NASDAQ: CSIQ), today announced that it has closed the sale of the 3.3 MWp Milborne Port project in the United Kingdom<\/location> to Elm Trading Group<\/org>, advised by Alpha Real Renewables. The transaction was closed in November 2019<\/chron> and the Company expects to recognize revenue from the sale in the fourth quarter of 2019. <\/p>\n

The Milborne Port project is located in Somerset, England<\/location>, and is accredited under the 1.2 Renewables Obligation Certificates (ROCs) subsidy regime. The project was developed, built and operated by Canadian Solar<\/org> and started commercial operation in March 2017<\/chron>. The solar plant generates an estimated 3.3 GWh of clean electricity annually, enough to power approximately 1,062 households and offset 932 tons of carbon emissions each year. <\/p>\n

Dr. Shawn Qu<\/person>, Chairman and Chief Executive Officer of Canadian Solar<\/org> commented, “We are pleased to partner with Elm Trading Group<\/org> on the sale of our last subsidized operational asset in the UK<\/location>. We started developing projects in the UK’s<\/location> subsidized market in 2015 and have since successfully developed, built, operated and sold projects with a total capacity of 158 MWp.” <\/p>\n

Dr. Qu added, “With the cost of solar energy declining and reaching grid parity, we have started to develop a pipeline of unsubsidized projects in the UK<\/location> and Europe<\/location> more broadly. The first ones will reach ready-to-build status around mid-2020. We are excited about solar energy’s increasingly competitive prospects and are committed to expanding our presence and supporting the growth of solar markets in Europe<\/location>.” <\/p>\n

SOURCE <\/span><\/span>Canadian Solar Inc.<\/p>\n

http:\/\/investors.canadiansolar.com\/news-releases\/news-release-details\/canadian-solar-completes-sale-last-subsidized-operational<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

GUELPH, Ontario, Dec. 5, 2019 \/PRNewswire\/ — Canadian Solar Inc. (the “Company” or “Ca […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-400","post","type-post","status-publish","format-standard","hentry","category-releases"],"_links":{"self":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/comments?post=400"}],"version-history":[{"count":4,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/400\/revisions"}],"predecessor-version":[{"id":404,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/400\/revisions\/404"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}