Korea Electric Power : Canadian Solar sells 235MW of US solar projects to KEPCO
Canadian Solars subsidiary Recurrent Energy has completed sale of its interests in three solar photovoltaic projects in
The South Korean electric utility with an installed capacity of 79 GW, acquired the interests in the Astoria (100 MWac/131 MWp), Astoria 2 (75 MWac/100 MWp), and
This transaction marks KEPCOs largest investment in the
KEPCO executive vice president and chief global business officer
We expect further cooperation with
Recurrent Energy developed the three projects, all of which reached commercial operation in 2016 and have long-term power purchase agreements.
Recurrent Energy will continue to provide asset management services to support the projects as KEPCO transitions into its ownership role.
The Recurrent Energy team continues to create value through deals with world-class investors that monetize our quality
BofA Merrill Lynch and Scotiabank Global Banking and Markets acted as financial advisors to Recurrent Energy on the transaction.
(c) 2018 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source