April 26, 2019 |
Canadian Solar said it has agreed to sell 80% of a 483 MW project portfolio in Brazil to Qatar's Nebras Power for an undisclosed amount.
The portfolio has four projects under development, with construction slated to start later this year. The sale involves the 114 MW Salgueiro, 114 MW Francisco Sá, 102 MW Jaíba and 152 MW Lavras solar projects, Canadian Solar said in a press release.
Canadian Solar will keep a 20% stake in the projects. After the Nebras deal, the Ontario-based solar developer
Ontario-based developer offloads 80% of four projects to Qatar's Nebras