Canadian Solar Selected for a 112 MWp Solar Power Project in Brazil

Canadian Solar has been awarded a 112 MWp solar photovoltaic (PV) project in the state of Pernambuco, Brazil in the country’s A-4 auction that was just held in December.

Canadian Solar will develop and build the project. Construction is planned to start in 2020 and the project is expected to reach commercial operation before January 2021.

The 112 MWp Salgueiro project has been awarded to Canadian Solar with a 20-year Power Purchase Agreement at 145.44 BRL/MWh (approximately US$44/MWh) in the auction.

Canadian Solar will supply more than 310,000 PV panels to the project.  Once connected to the grid, the plant will generate approximately 255,743 MWh of electricity every year.

Canadian Solar has participated in all federal PV auctions in Brazil, and we are the only company that has been awarded projects in all of them. 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 Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc.

Canadian Solar and EDF Energies Nouvelles recently announced that the 191.5 MWp Pirapora I and 92.5 MWp Pirapora III solar energy projects in Brazil, totaling 284 MWp, were commissioned in November 2017.

As part of the Pirapora projects (399 MWp), the Pirapora I and III solar projects, located in the State of Minas Gerais in Brazil, were each awarded a 20-year Power Purchase Agreement following respectively the second and the first Reserve Energy Auctions, in 2015 and 2014.

Powered by 600 thousands and  290 thousands of Canadian Solar’s high-efficiency CS6U-P modules, the  Pirapora I plant and Pirapora III plant generates 392 GWh and 186 GWh of clean, reliable solar electricity per year respectively, contributing towards Brazil’s goal of obtaining 23% of its energy from non-hydro renewable sources by 2030.

EDF Energies Nouvelles acquired 80% interest in each of the 191.5 MWp Pirapora I, 115 MWp Pirapora II and 92.5 MWp Pirapora III projects from Canadian Solar. The Pirapora II project is currently under construction and is expected to reach commercial operation in mid-2018.

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