Canadian Solar Bags 112 MWp Solar Power Project in Brazil

Canadian Solar will develop and build the project in Pernambuco state. The company will start the construction in 2020 and the project is expected to reach commercial operation before January 2021.

Canadian Solar, one of the world’s largest solar power companies, has won a 112 MWp solar photovoltaic (PV) project in Brazil during the country’s A-4 auction in December.

Canadian Solar will develop and build the project in Pernambuco state. The company will start the construction in 2020 and the project is expected to reach commercial operation before January 2021.

The 112 MWp Salgueiro project has been awarded 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.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said, “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.”

He further 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.”

Source: PRNewswire