Canadian Solar has won three solar PV projects totaling 110MWp in Brazil. The three projects will be connected to Brazil’s national grid after being completed, and the electricity generated will be sold to Camara de Comercializacao de Energia Eletrica through a 20-year PPA at R$300/MWh (approximately US$78.8/MWh).
The three projects will be located in the state of Minas Gerais, Brazil. Canadian Solar aims to reach commercial operations by late 2018. With the additionally won projects, Canadian Solar’s pipeline in Brazil has been increased to 384MWp.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "The projects are another testament of our strong capabilities in developing global solar power projects and further strengthens our position as a tier 1 global player in the solar energy business."