Canadian Solar completes sale of 18 MW PV projects in Chile

Canadian Solar Inc. has completed the sale of its 18 MW portfolio of PMGD solar power projects in Chile to Sonnedix. The transaction was closed in December 2018 and the company expects to recognize the majority of the revenue from the sale of the projects for the fourth quarter of 2018.
The projects, located in Maule and O'Higgins Regions, and developed under the country's Small Distributed Generation Means scheme »PMGD«, are expected to commence construction imminently in January and reach commercial operation in the second quarter of 2019. Canadian Solar will supply 48,600 CS3U-MS KuMax Mono PERC 375W modules to the projects, and once completed, the plants will generate approximately 35,520 MWh of electricity per year.

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