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wiredInUSA - March 2015

wiredInUSA - March 2015

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Canadian Solar Inc has announced the

acquisitionof solar power projects in theUK.

The projects will generate 46MW in total.

Four projects are currently under

construction, and are expected to be

connected to the grid in March 2015. Two

more projects were expected to be under

construction before the end of February,

and will be connected to the grid in the

second quarter of 2015.

“We are delighted to enter the United

Kingdom solar energy market with the

acquisition of this portfolio of projects.

The United Kingdom is an important

and rapidly growing solar market and

these transactions provide us with an

attractive opportunity to leverage

our expertise and balance sheet to

redeploy capital to support our growth

and create value for our shareholders,”

said Dr Shawn Qu,chairman and chief

executive officer of Canadian Solar.

“We continue to evaluate several

opportunities to expand our solar pipeline

in the United Kingdom and look forward

to making further announcements in the

quarters ahead.”

The six projects will produce approximately

50,183kWh of electricity per year.

Canada

heads for

the UK