Canadian Solar awarded 393.7 MW solar power projects in Brazil
Post date: 10/10/2019 - 16:58
Canadian Solar Inc. has been awarded three solar photovoltaic projects totaling 393.7 MW in two recent Private Corporate Auctions held in Brazil in the third quarter of 2019. The company will develop and build two projects, one in the State of Pernambuco (190.5 MW) and the other in the State of Ceará (76.2 MW). The latter will be an expansion of the existing project »Lavras« which is under development.
Construction is expected to start in 2021, and the projects will reach commercial operation before the end of 2022. Once in operation, the two solar power plants will generate approximately 598 GWh of electricity annually. Most of the energy generated will be purchased by COPEL Energia, which is part of the energy trading company COPEL Group, under two 15-year Power Purchase Agreements (PPA).
In addition, the company will develop and build a 127 MW project in the State of Minas Gerais, southeast of Brazil, which is expected to reach commercial operation before January 2023. Once in operation, this solar power plant will generate approximately 280 GWh of electricity annually. Most of the energy generated will be purchased by an unnamed electric utility under a long-term PPA. This project will be constructed in the same region and close to other existing projects developed and built by Canadian Solar in Minas Gerais.
According to the company, its portfolio reached more than 1 GW of contracted PPAs since the company entered the Brazilian market. Canadian Solar now has over 2 GW of awarded and contracted PPAs in Latin America.