Canadian Solar talks to sell manufacturing business fizzle out

04 June 2020 - 12:00 am UTC

Canadian Solar was engaged in talks earlier this year to sell its manufacturing business to Shanghai Electric before the discussions fell apart over pricing, according to three sources familiar with the matter.

Chinese state-owned Shanghai Electric – a power generator and electrical equipment maker – had previously sought to buy solar manufacturing businesses from private-sector Chinese solar companies, according to the sources. 

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