Canadian Solar has won a 112 MWp solar photovoltaic (PV) project in Brazil during the country’s A-4 auction in December.
Canadian Solar will develop and build the project in Pernambuco state. Canadian Solar will start the construction of the solar project in 2020 and the project is expected to reach commercial operation before January 2021.
The 112 MWp Salgueiro project has been awarded a 20-year Power Purchase Agreement at 145.44 BRL/MWh (approximately US$44/MWh) in the auction. Canadian Solar will supply more than 310,000 PV panels to the project. The solar power plant will generate approximately 255,743 MWh of electricity every year.
Canadian Solar has a strong presence in the Latin America region where it has secured PPAs for over 1 GW of projects.
“Canadian Solar has participated in all federal PV auctions in Brazil, and we are the only company that has been awarded projects in all of them in Brazil, Chile, Argentina and Mexico,” said Shawn Qu, chairman and chief executive officer of Canadian Solar.