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TransCanada to Sell Ontario Solar Assets

Posted by October 25, 2017

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.
 
Reporting by Ahmed Farhatha in Bengaluru

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