Canadian Solar wins 112-MWp solar project in Brazil

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December 21 (Renewables Now) – Canadian Solar Inc (NASDAQ:CSIQ) said on Thursday it has won a 112-MWp solar photovoltaic (PV) project in the latest A-4 auction in Brazil.

Solar farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.
 
 The company expects to start building the plant in the state of Pernambuco in 2020 and to achieve commercial operation by January 2021. The project was awarded a 20-year power purchase agreement (PPA) at a price of BRL 145.44 per MWh (USD 44/EUR 37.1).

Canadian Solar will supply over 310,000 of its own PV modules to the project, it said.

“We have a strong presence in the Latin America region where we have secured PPAs for over 1 GW of projects.  We will continue to strengthen our leading position in the region by expanding our quality late-stage project pipelines in Brazil, Chile, Argentina and Mexico,” commented Shawn Qu, chairman and CEO of Canadian Solar.

                                                                                                                                                          By Ivan Shumkov