Bladen – The Italian Falck Renewables announces an agreement between its wholly owned subsidiary Falck Renewables IS42 LLC and Canadian Solar Inc. for the acquisition of 99% interest in Canadian Solar’s 92 MWp IS-42 photovoltaic project in North Carolina. The purchase price is determined in approximately $42.8 million, subject to adjustment at closing. Closing of the transaction is expected by the end of November 2017 and is subject to certain conditions precedent, including regulatory approval and third-party consents. The project has completed construction, and has a long-term Power Purchase Agreement with Duke Energy Progress. It is expected to reach the Commercial Operations Date by end of September 2017. Covering an area of approximately 450 acres in the Bladen and Cumberland counties of North Carolina, the project will generate enough clean solar energy to power approximately 11,750 homes in the state. (9colonne)
