Canadian Solar to develop 3 Brazilian solar PV Projects of 114 MW - infrabuddy.com

Canadian Solar to develop 3 Brazilian solar PV Projects of 114 MW

Canadian Solar, in JV Solatio, A leading Brazilian project developer will develop, build and own 3 solar photovoltaic (PV) projects of 114 megawatts (MW) in Minas Gerais, Brazil.

Under USD 86.42/MWh 20-year Power Purchase Agreement, the solar PV plants will sell the generated solar power to ‘Agencia Nacional de Energia Eletrica.’

After winning these contracts; company has further strengthened its capabilities in project development and position to participate in global growth in demand for solar power, Dr. Shawn Qu, Chairman and CEO, Canadian Solar expressed during the announcement.

Pedro Vaquer, Solatio partner emphasized upon as how important it is to have a local partner with local knowledge and expertise in project development concepts on which Solatio has based its work in order to be successful in a demanding market like Brazil.

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