Installation Rush before June 30 Triggers Mono- and Multi-si Orders as well as Price Rise: Price Trend
China’s installation rush in advance to June 30 has finally appeared after the SNEC 2017 tradeshow held in Shanghai. This week.. more
Canadian Solar announced that its wholly-owned subsidiary, CSI New Energy Holding Co., Ltd. has completed the sale of two solar power plants in China, totalling approximately 69.5 MWp to Shenzhen Energy Nanjing Holding Co., Ltd., a subsidiary of Shenzhen Energy Group Co., Ltd., for approximately RMB687.1 million (US$99.8 million). The transaction was closed in March 2017 and the Company expects to recognize revenue from the sale of the plants when all revenue recognition criteria have been met.
"We are pleased to have closed the sale of two additional solar power plants in China to Shenzhen Energy," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, "We are well on track to monetize our operating solar power plants in China and other countries. Shenzhen Energy is an important strategic partner of Canadian Solar and we look forward to further expanding our strong partnership with them for more opportunities in the future."
(Photo Source: Canadian Solar's Facebook page)
The global solar market has yet to show signs of turnaround after going through the turbulent 2016. The latest Gold Member Solar Repor.. more