Canadian Solar completes sale of 3 utility-scale solar plants to fengate real asset investments 

Canada-based solar PV module manufacturer Canadian Solar has completed the sale of outstanding shares of three utility-scale solar farm holding companies, SSM 1 Solar ULC, SSM 2 Solar ULC, and SSM 3 Solar ULC, totalling 59.8 MW (AC) (SSM portfolio) to Fengate SSM Holdco LP, an affiliate of Fengate Real Asset Investments, for over CAD 257 million. The SSM portfolio is located in Sault Ste. Marie, Ontario, Canada. As part of the deal, Fengate will take over the outstanding debt from Norddeutsche Landesbank Girozentrale and Canadian Solar will provide operations and maintenance, and asset management services.

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