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TransCanada to sell Ontario solar assets for C$540 mln
October 25, 2017 / 1:13 PM / a month ago

TransCanada to sell Ontario solar assets for C$540 mln

Oct 25 (Reuters) - 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) (Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin Ravikumar)

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