Canadian Solar wins three solar PV projects in Brazil

The 364 MWp of projects were secured at A-4 auction held on 4 April.

 These projects, which are located in the states of Minas Gerais and Ceara, have been awarded 20-year power purchase agreements with an average price of around $35.58/MWh.

The facilities, on being linked to the grid, will annually produce around 706,056 MWh of power.

Canadian Solar will build the projects, with plans to bring them to commercial operation by 2022.

Canadian Solar CEO and chairman Dr. Shawn Qu said: “We are proud to be the only company that has been successful in winning projects in all of the five Federal Auctions held to date in Brazil.

“Brazil has proven to be an important market for us. Relentless innovations and focuses on driving down cost while improving efficiencies in all aspects have allowed Canadian Solar to deliver a 55.5% reduction in energy prices from the first auction, which accelerated the adoption of solar energy in the country.”

Last month, Canadian Solar acquired a 97.6 MWp solar photovoltaic (PV) project in Cafayate, Salta province, Argentina.

Canadian Solar intends to start construction on the plant in July 2018.

After being linked to the grid by Q2 of 2019, the facility will produce around 235,777 MWh of power per year, which will be sold to Compañía Administradora del Mercado Mayorista Eléctrico (CAMMESA).

Set up in 2001 in Canada, Canadian Solar is a manufacturer of solar photovoltaic modules and a provider of solar energy solutions.

Over the last 17 years, the firm has delivered over 26GW of modules to over 100 countries.