Canadian Solar has been awarded a 112MW PV project in the Brazilian state of Pernambuco following the country’s A-4 auction that was just held in December 2017.
Canadian Solar will develop and build the project – with construction slated to begin in 2020 and reach completion and commercial operation before January 2021.
The 112MW Salgueiro project has been awarded a 20-year power purchase agreement at US$44/MWh in the auction. Canadian Solar will provide more than 310,000 PV panels to the project, which 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. We have a strong presence in the Latin America region where we have secured PPAs for over 1GW 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.”