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Canadian Solar, a solar company, recently announced that its wholly owned subsidiary, Canadian Solar Solutions, has entered into a sales agreement with TransCanada Corporation, whereby TransCanada will acquire from Canadian Solar a 86 megawatts AC solar project portfolio for approximately $470 million Canadian dollars. Under the agreement, CSSI will provide TransCanada with 9 fully-operational and commissioned utility-scale solar projects across the Province of Ontario which are expected to come into service between late 2012 and mid-2013. These projects are all contracted assets under Ontario’s Feed-In Tariff Program. In addition to securing construction finance, CSSI will provide turnkey engineering, procurement and construction services as well as being the supplier of components to the projects. All solar PV modules used in the portfolio will be manufactured at Canadian Solar’s manufacturing facility in Guelph, Ontario.

With more than 60 years experience, TransCanada operates North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. TransCanada's network of wholly owned natural gas pipelines extends more than 57,000 kilometers (35,500 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with approximately 380 billion cubic feet of storage capacity. Also an independent power producer, TransCanada owns, or has interests in, over 10,800 megawatts of power generation in Canada and the United States. Canadian Solar is one of the world's largest solar companies. As a vertically integrated provider of ingots, wafers, solar cells, solar modules and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe, Australia and Asia, Canadian Solar provides solar solutions to support global development.