114 MW Solar Power Project in Brazil won by Canadian Solar

Author: Darvin Tocmo  Date Posted:17 November 2014 

Canadian Solar Inc. one of the world’s largest solar power companies, announced that it has won 3 solar photovoltaic (PV) projects totaling 114 megawatts (MW) in Vazante, in the state in Minas Gerais, Brazil.

In partnership with Solatio, Canadian Solar will develop, build and own the solar power plants which, once connected to the grid, will sell the electricity generated to the Agencia Nacional de Energia Electrica, a Brazilian government entity, under a 20-year Power Purchase Agreement at R$216.12/MWh ($86.42/MWh).

“This win in Brazil is a testament to the strength of our project development capabilities, and positions us well to participate in the growth in demand for solar energy across the globe,” Shawn Qu, chairman and chief executive officer, said.

Canadian Solar has been expanding in Canada, the United States, China and Japan.

It announced 2 projects in Honduras to supply panels providing 146.4 MW of capacity last month.

New green energy in developing countries grew by an average of 19 percent between 2008 and 2013, versus an average of 13 percent in developed countries according to a recent report by Climatescope.
Find more information at: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/canadian-solar-lands-deal-for-three-power-plants-in-brazil/article21477347/

 

Canadian Solar Inc. one of the world’s largest solar power companies, announced that it has won 3 solar photovoltaic (PV) projects totaling 114 megawatts (MW) in Vazante, in the state in Minas Gerais, Brazil. In partnership with Solatio, Canadian Solar will develop, build and own the solar power plants which, once connected to the grid, will sell the electricity generated to the Agencia Nacional de Energia Electrica, a Brazilian government entity, under a 20-year Power Purchase Agreement at R$216.12/MWh ($86.42/MWh). “This win in Brazil is a testament to the strength of our project development capabilities, and positions us well to participate in the growth in demand for solar energy across the globe,” Shawn Qu, chairman and chief executive officer, said. Canadian Solar has been expanding in Canada, the United States, China and Japan. It announced 2 projects in Honduras to supply panels providing 146.4 MW of capacity last month. New green energy in developing countries grew by an average of 19 percent between 2008 and 2013, versus an average of 13 percent in developed countries according to a recent report by Climatescope. Find more information at: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/canadian-solar-lands-deal-for-three-power-plants-in-brazil/article21477347/