Canadian Solar has won 190.5 MWp solar power projects in Brazil

Canadian Solar Inc. announced it has been awarded two solar photovoltaic (PV) projects totalling 190.5 MWp in the 7th Brazilian Federal Auction held in October 2019. The Brazilian government allocated a total of 2 979 MW of generation capacity, of which 530 MW was solar.

Canadian Solar will develop and build the 152.4 MWp Gameleira project in the State of Ceará and the 38.1 MWp Luiz Gonzaga Project located in the State of Pernambuco.

Construction is expected to start in Q3 2021 and Q1 2022 respectively, and the projects will both reach commercial operation before January 2023. Once in operation, the two solar power plants will generate approximately 433 GWh of electricity annually. 30% of the electricity generated by the plants will be purchased by a pool of distribution companies under two 20-year power purchase agreements (PPAs), with an average contracted price of 84.38 BRL/MWh, or approximately US$22.32/MWh. The rest of the electricity will be purchased under long-term private PPAs which are under negotiation.

Read the article online at: https://www.energyglobal.com/solar/11112019/canadian-solar-won-1905-mwp-solar-power-projects-in-brazil/