TransCanada to sell Ontario solar energy assets for C$540 million
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The portfolio comprises eight facilities with a generating capacity of 76 megawatts.
New Delhi: Canadian pipeline operator TransCanada Corp said on Wednesday it would sell its Ontario-based solar energy portfolio to Axium Infinity Solar LP for about C$540 million ($426 million).
The portfolio comprises eight facilities with a generating capacity of 76 megawatts.
TransCanada, which operates the Keystone XL pipeline, said proceeds from the sale would help fund its C$24 billion near-term capital program. ($1 = 1.2678 Canadian dollars)
Source: Reuters
