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Lightsource BP Nails 300-MW Solar Farm Financing (Ind. Report)
Lightsource BP
Date: 2020-10-05
Lightsource BP reports it has closed on $285-million financing round for its 300-MW Bighorn Solar project which is underway in Pueblo, Colorado.

The project will incorporate 750,000 Canadian Solar crystalline PV panels mounted on NEXTracker single-axis trackers and is expected to come online in late 2021. (Source: Lightsource BP, Renewables, 2 Oct., 2020) Contact: LighthouseBP, Kevin Smith, CEO, Mary Grikas, (732) 429-3906,,

More Low-Carbon Energy News LightsourceBP,  Solar,  

Canadian Solar's Pflugerville, TX Project Underway (Ind. Report)
Canadian Solar,Recurrent Energy
Date: 2020-08-19
Guelph, Ontario-headquartered Canadian Solar reports construction is underway on the 144MW Pflugerville solar project, in Travis County . Texas. The project, which has a 15-year power purchase agreement with Austin Energy, is being developed by Canadian Solar subsidiary Recurrent Energy which recently closed debt and tax equity financing totalling over $234m to go towards financing the project’s construction. (Source: Canadian Solar, PR, Aug., 2020) Contact: Canadian Solar,; Recurrent Energy,

More Low-Carbon Energy News Canadian Solar,  Recurrent Energy,  

Recurrent Energy TX Solar Projects Close on Funding (Ind. Report)
Canadian Solar,Recurrent Energy
Date: 2020-07-22
Guelph, Ontario-based Canadian Solar Inc. reports its wholly-owned subsidiary Recurrent Energy, LLC has closed $282 million of debt financing for construction of its Maplewood and Maplewood 2 solar projects, in Pecos County, West Texas. The financing was provided by a bank clubled by Norddeutsche Landesbank (Nord/LB), which included Export Development Canada , Rabobank, National Bank of Canada and Bayerische Landesbank

The 327MW Maplewood Solar Project will deliver clean energy to Anheuser-Busch under a PPA contributing to the brewer's 2025 sustainability goals for the United States, which include a 100 percent renewable purchased electricity target and a 25 percent reduction of carbon dioxide emissions across its supply chain.

The projects will utilize Canadian Solar's high efficiency bifacial moduleswhich, relative to traditional monofacial modules,produce electricity from both sides of the panel thereby increasing total energy generation and improving reliability during winter months. (Source: Canadian Solar, PR, Website, 21 July, 2020) Contact: Canadain Solar,; Recurrent Energy,

More Low-Carbon Energy News Canadian Solar,  Recurrent Energy,  Solar,  

Canadian Solar Launches New Modules (New Prod & Tech)
Canadian Solar
Date: 2020-07-01
Guelph, Ontario-headquartered Canadian Solar Inc. is reporting the launch of its super-high power Series 5 and Series 6 PV modules incorporating the company's proprietary and record-breaking cell technology, as well as the latest cutting-edge module designs.

The new modules will join Canadian Solars HiKu, BiHiKu and HiDM portfolios, expanding the range of high-power, high-efficiency monofacial and bifacial solar modules.

The new products will be backed by competitive warranties and Canadian Solar's commitment to high quality customer service. Series 5 and Series 6 portfolios further expand the Company's broad range of PV products and services. (Source: Canadian Solar, PR, 1 July, 2020) Contact: Canadian Solar,

More Low-Carbon Energy News Canadian Solar,  Solar Module,  

Canadian Solar Inks Mexican Solar PPA, Project Agreement (Int'l.)
Canadian Solar
Date: 2020-03-13
Ontario, Canada-based solar specialist Canadian Solar Inc. reports the recent signing of a 15-year Power Purchase Agreement (PPA) with Techgen S.A. de C.V., a combined cycle power plant operator, which produces electricity for the manufacturing plants in Mexico.

Under the terms of th agreement, Canadian Solar will build a 103-megawatt-peak (MWp) solar power project in the Mexican state of Zacatecas. (Source: Canadian Solar, NASDAQ, 11 Mar., 2020) Contact: Techgen S.A. de C.V., +52-818865 2828,; Canadian Solar Solutions,

More Low-Carbon Energy News Canadian Solar,  Solar,  

CanWEA, CanSIA Announce July 1st Amalgamation (Ind. Report)
Canadian Wind Energy Association,Canadian Solar Industries Association
Date: 2020-02-10
In November 2019, the members of both the Canadian Wind Energy Association (CanWEA) and the Canadian Solar Industries Association (CanSIA) voted to approve the amalgamation of the two organizations, effictive July 1, 2020.

The new group's first Annual General Meeting will be held in conjunction with the inaugural Electricity Transformation Canada meeting this November in Toronto. (Source: CanWEA, CanSIA, Electrical Business, 9 Feb., 2020) Contact: Canadian Wind Energy Association, Robert Hornung, President, (613) 915-4857,; CanSIA, 866-522-6742,

More Low-Carbon Energy News Solar,  Wind,  CanSIA,  Canadian Wind Energy Association,  

Lightsource BP Orders 1.2 GW of Canadian Solar Modules (Int'l.)
Lightsource BP,Canadian Solar
Date: 2020-02-07
UK oil and gas giant BP-backed Lightsource BP reports ordering 1.2 GW of Guelph, Ontario-based Canadian Solar Solutions Inc. modules for various, un-named photovoltaic (PV) projects in the US and Australia.

The order calls for the delivery of bifacial polycrystalline PERC modules, of the BiHiKu (CS3W-PB-AG) type, which, according to Canadian Solar, enhance power production when installed in a limited area and "dramatically" cut the levelised cost of electricity (LCOE) of the solar plant. The high-power HiKu (CS3W-P) modules are also part of the deal.

BP acquired a 43 pct stake equity share in Lightsource Renewable Energy in 2017 for $200 million over three years, and the company was then relabeled Lightsource BP. (Source: Canadian Solar Solutions, PR, Feb., 2020) Contact: Canadian Solar Solutions,; Lightsource BP, Carl Jackson, Director Utility-scale Solar Initiatives, +44 0 333 200 0755,

More Low-Carbon Energy News Lightsource BP,  Canadian Solar,  Solar,  

KEPCO Solar Power Plant Underway in Mexico (Int'l. Report)
Korea Electric Power , Canadian Solar
Date: 2019-11-18
Korea Electric Power Corp. (KEPCO) and Canadian Solar are reporting the groundbreaking of a 294 MW solar power project in Mexico.

KEPCO noted it won the project from Canadian Solar in September, and will build and operate additional solar power plants across Aguascalientes and Sonora states in Mexico. (Source: KEPCO, 17 Nov., 2019) Contact: KEPCO,; Canadian Solar, Dr. Shawn Qu, CEO,

More Low-Carbon Energy News Korea Electric Power,  Canadian Solar,  Solar,  

Canadian Solar Touts Alberta PV Solar Power Agreement (Ind. Report)
Canadian Solar, Direct Energy
Date: 2019-08-19
Guelph, Ontario-headquartered solar power specialist Canadian Solar Inc. is reporting an agreement with Centrica PLC subsidiary Direct Energy for the purchase of electricity from its 32 MWp/23 MWac Suffield solar facility in Southeastern Alberta. The Suffield solar facility is anticipated to be the largest solar photovoltaic (PV) facility in Alberta when fully operational in 2020.

The Suffield project will incorporate Canadian Solar's high efficiency BiKu bifacial solar modules that produce electricity from both sides of the solar panel as well as single-axis trackers,

As previously reported, the Suffield project received $15.3 million in funding through Natural Resources Canada's Emerging Renewable Power Program. (Source: Canadian Solar, Others, newkerala, 18 Aug., 2019) Contact: Centrica PLC,; Canadian Solar Solutions,; Direct Energy, Mike Senff, VP, (416) 758-8700,

More Low-Carbon Energy News Canadian Solar,  Solar,  Direct Energy,  

BayWa Snares Canadian Solar Equipment Distributor (M&A)
BayWa re,National Solar Distributors Inc
Date: 2019-07-31
German renewable energy specialist Baywa re GmbH reports it has acquired Edmonton, Alberta-based solar distributor and service provider National Solar Distributors Inc. -- a Canada-wide residential and commercial solar equipment wholesaler. (Source: BayWa re, 28 July, 2019) Contact: National Solar Distributors Inc., 844-851-2390; BayWa r.e., Florian Zerhusen, CEO, Frank Jessel, Global Dir. Solar, (850) 450-6800 - San Diego office,,;BayWa

More Low-Carbon Energy News BayWa re,  Solar,  

Canadian Solar Scores $8 Mn for HiDM PV R&D (R&D, Funding)
Canadian Solar ,Natural Resources Canada
Date: 2019-07-31
Ontario-based solar panel maker Canadian Solar Solutions Inc reports it will receive close to $8 million ($6.1 million US) from Natural Resources Canada's (NRC) energy innovation programme to develop and test high-density (HiDM) PV panels.

The new HiDM panels will use a first-of-its-kind shingled module technology that can be adapted to any type of solar cell, and are 20 pct more efficient than conventional panels, according to a company statement. (Source: Canadian Solar Solutions, Renewables, 30 July, 2019) Contact: Canadian Solar Solutions,; NRC, Vanessa Adams, Office of the Minister of Natural Resources, (343) 543-7645,,

More Low-Carbon Energy News NRC,  Canadian Solar ,  PV,  

Canadian Solar's 68-MWp Mexican PV Park Now Online (Int'l Report)
Canadian Solar
Date: 2019-02-15
Canadian Solar is reporting its 68-MWp Aguascalientes solar project in central Mexico is now online. The facility's electric power and clean energy certificates (CELs) will be sold to Mexican state-owned utility Comision Federal de Electricidad (CFE) under a 15-year power purchase agreement (PPA) and a 20-year CEL contract.

The plant incorporates more than 200,000 poly modules CS6U-P with an expected output of 145 GWh -- sufficient power for 20,690 local households. Canadian Solar is also providing operations and maintenance (O&M) services. (Source: Canadian Solar, Renewables, Feb., 2019)

More Low-Carbon Energy News Canadian Solar,  

Ullico Snares BlackRock's Ontario Solar Portfolio (M&A Report)
Date: 2019-02-06
US investment manager BlackRock Inc. reports it will sell a four-plant Canadian solar energy portfolio in Ontario to Washington, DC-headquartered insurance company Ullico Inc. The portfolio includes solar farms with long-term stable cash flows and fixed feed-in tariff (FiT) and PPAs with the province's Independent Electricity System Operator.

The acquisition is Ullico's sixth solar sector investment. Financial details have not been disclosed. (Source: Blackrock, Feb., 2019) Contact: BlackRock,; Ullico, 202.682.0900,

More Low-Carbon Energy News BlackRock,  Solar,  

275-MW Aussie Solar Farm Nears Construction Startup (Int'l)
Edify Energy,Octopus Investments
Date: 2019-01-21
In the Land Down Under, UK-based solar energy investor Octopus Investments and Australian renewable energy specialist Edify Energy are reporting financial close on the $450 million (AUS), 275-MW Darlington Point Solar Farm project in NSW. The project will incorporate more then 820,000 Canadian Solar HiKu modules (CS3W-P) mounted on a single-axis solar tracking systems.

Upon completion, the facility is expected to be Australia's largest solar power station. Details on construction contracts, solar supply contract, and Power Purchase Agreements are expected to be announced within days.

The project is being developed and structured by Edify Energy, which will retain an equity stake in the solar project. Construction is expected to get underway in March, 2019, and when fully operational sometime in early 2020, will displace over 600,000 tpy of CO2 and generate 685,000 MWh of electric power per year -- sufficient to power around 115,000 homes.(Source: Edify Energy, Various Media, 18 Jan., 2019) (Contact: Edify Energy, John Cole, CEO, +61 2 8790 4000, +61 2 8790 4000,,; Octopus Investments, +44 800 316 2295,; Contact: Canadian Solar, Shawn Qu, CEO, (519) 954-2057,

More Low-Carbon Energy News Edify Energy,  Solar,  Australa Solar,  Canadian Solar,  

Canadian Solar Closes on 68-MW Mexican Solar Finance Pkg (Int'l)
Canadian Solar
Date: 2018-12-17
Guelph, Ontario-based Canadian Solar Inc. is reporting closure on $69 million in non-recourse project financing for the 67.8-MWp Aguascalientes solar project in Mexico. The financing package, which was arranged with Banco Nacional de Comercio Exterior SNC (Bancomext) and Banco de Sabadell SA in Spain, includes a USD-53.2-million long-term loan, a $5.6-million letter of credit facility and a $10.2-million Value Added Tax (VAT) short-term loan. The long-term loan will be used to re pay a $45-million construction loan obtained from Natixis, a unit of Groupe BPCE, in August.

The Aguascalientes solar park is expected to start commercial operations by the end of the month.

Canadian Solar claims a 436 MWp late-stage pipeline with contracted PPAs in the country. (Source: Canadian Solar, PR, NASDAQ, 14, Dec., 2018) Contact: Canadian Solar, Dr. Shawn Qu, CEO,

More Low-Carbon Energy News Canadian Solar,  Solar,  

Canadian Solar Touts 10-Yr Italian PPA (Int'l., Ind. Report)
Canadian Solar
Date: 2018-12-17
Canadian Solar Inc. reports it entered into a 10-year PPA for 100 pct of the electric power produced by a 17.6 MWp solar PV plant portfolio in Sicily, Italy. The portfolio is 51 pct owned by Canadian Solar (51% stake) and 49 pct owned by Verona, Italy-based Manni Energy, a renewable energy engineering, O&M servicesand energy efficiency firm which is part of Manni Group, which will also provide turnkey EPC services for the project. Under the PPA, TrailStone will also act as market representative for the portfolio on the Italian wholesale market. The solar PV portfolio is expected to start producing electricity in Q2, 2019. (Source: Canadian Solar, Street Insider, 17 Dec., 2018) Contact: Trailstone Group, John Redpath, CEO, + +44 203 959 1815,; Manni Energy, +39 045 808 8911,; Canadian Solar, Dr. Shawn Qu, CEO,

More Low-Carbon Energy News Canadian Solar,  Solar,  

Canadian Solar, ET Energy Ink S. African Solar JV (Ind. Report)
Canadian Solar ,BioTherm Energy
Date: 2018-08-31
Canadian Solar Inc. reports it has entered into a joint venture with ET Energy to provide Engineering, Procurement and Construction (EPC) services to two solar power projects totaling 132 mega-watt peak (MWp) in South Africa.

The EPC projects, which are being developed for BioTherm Energy, the country's largest independent renewable energy developer, are expected to be grid-connected by the end of 2019 and early 2020, respectively. The projects will incorporate more than 400,000 Canadian Solar 1500V high voltage modules installed on single-axis solar tracking systems. (Source: Canadian Solar, Zacks, 30 Aug., 2018) Contact: BioTherm Energy,; Canadian Solar, Dr. Shawn Qu, CEO,

More Low-Carbon Energy News Canadian Solar,  Solar,  BioTherm Energy,  

Omega Geracao Taking Stake in Brazil's Largest Solar Farm (Int'l)
Omega Geraçao
Date: 2018-08-17
The Brazilian company Omega Geracao reports it is acquiring a 50 pct in the Pirapora solar complex in the state of Minas Gerais. EDF Renewables in Brazil will hold 30 pct and Canadian Solar 20 percent.

Omega's 50 pct stake was valued at $283.6 million, subject to certain conditions and final financing disbursements.

Pirapora is the largest pv solar site in operation in Brazil with an installed capacity of 321 MW. Pirapora will be Omega's first solar investment and, after completion of the transaction, solar energy will account for 25 pct of the Company's installed capacity, while wind and hydroelectric power will represent 62 pct and 13 pct, respectively. (Source: Omega Geracao, Renewable Energy, 15 Aug., 2018) Contact: Omega Geracao,; EDF Renewables – Brazil, + 55 21 3993 7650,

More Low-Carbon Energy News Solar,  EDF Renewables,  

Solargise Considers Canadian Solar Panel Plant (Ind. Report)
Solargise Canada
Date: 2018-07-13
UK-based Solargise Ltd subsidiary Solargise Canada Increports it is considering a $2.3 billion (Cdn) ($1.7 billion US) investment to start production of new generation plastic-free photovoltaic (PV) panels in Quebec or Ontario. The company says $878 million in financing for the possible move is in place.

Solargise said the selected site for the project requires access to 550 MW of power and be located close to a railway and a port and research universities. If the identified location is in Quebec, Solargise will move its research facilities from Europe to Montreal, it said.

The UK parent company is primarily active in developing gigawatt-scale solar plants in India. (Source: Solargise Canada, Renewables Now, July, 2018) Contact: Solargise Canada,

More Low-Carbon Energy News Solargise Canada,  Solar,  

Recurrent Energy Completes Solar Projects Sale to KEPCO (M&A)
Canadian Solar ,Korea Electric Power Corporation
Date: 2018-03-19
Canadian Solar Inc. subsidiary Recurrent Energy reports it has completed the sale of its interests in three solar PV projects totaling 235 MWac/309 MWp to the Korea Electric Power Corporation (KEPCO), a South Korean electric utility giant.

KEPCO's acquisitions, which include the Astoria (100 MWac/131 MWp), Astoria 2 (75 MWac/100 MWp) and the Barren Ridge project (60 MWac/78 MWp) in Southern California, all came online in 2016 and have signed long-tern PPAs in place. The acquisitions are KEPCO's largest US solar investments to date. (Source: Canadian Solar, Zacks, NAZDAQ, 14 Mar., 2018) Contact: KEPCO,; Canadian Solar, Dr. Shawn Qu, CEO,; Recurrent Energy, (415) 675-1500,

More Low-Carbon Energy News Recurrent Energy,  Canadian Solar ,  Solar,  Korea Electric Power Corporation ,  

Canadian Solar Announces New O&M Business Unit (Ind. Report)
Canadian Solar
Date: 2018-03-14
Guelph, Ontario-headquartered solar module manufacturer Canadian Solar Inc. reports it has established a global business unit that will provide operations and maintenance (O&M) services for utility-scale solar power plants. The new unit is a result of the need to operate and maintain its own solar power plants in Ontario, Canada, which have been sold off to third-party asset owners.

Canadian Solar has more than 700 MW under operation and 1.2 GW contracted worldwide, according to its website. (Source: Canadian Solar, Various Media, Renewables Now, 12 Mar., 2018) Canadian Solar, Dr. Shawn Qu, CEO, (519) 954-2057,

More Low-Carbon Energy News Canadian Solar,  Solar,  

Canadian Solar Manufacturers Act Against U.S. Tariffs (Reg & Leg)
Date: 2018-02-23
The Toronto Star is reporting three Canadian solar panel manufacturers -- Ontario-based Silfab Solar Inc., Heliene Inc., and Canadian Solar Solutions Inc., along with U.S.-based distributor Canadian Solar (USA) Inc. -- have filed a lawsuit against the U.S. government over the 30 pct tariff the Trump administration imposed on solar cell imports last month.

The lawsuit, which was filed at the U.S. Court of International Trade in New York on Wednesday, claims that an investigation last year by the International Trade Commission found Canadian products do not significantly hurt U.S. manufacturers nor account for much of the overall imports of solar cells into the U.S. and that the imposition of the tariffs is contrary to the NAFTa agreement. NAFTA.

The legal action contends that the tariffs, which the U.S. administration says were imposed to put American companies and jobs first, will inflict immediate, severe, and irreversible injuries to the companies. The tariffs have also been challenged by the EU, China, South Korea, and Taiwan at the World Trade Organization. (Source:, Various Media, Feb., 2018)

More Low-Carbon Energy News Solar Tariff,  Solar,  Trump,  

Greencoat Snares 142 MW of Canadian Solar's UK Assets (Int'l, M&A)
Greencoat,Canadian Solar
Date: 2018-02-23
In the UK, Dublin, Ireland-based renewable energy investor Greencoat Capital LLP is reporting its acquisition of 142 MW of UK solar assets from Canadian Solar Inc. Financial details were not disclosed.

The portfolio includes 24 facilities across the UK, most of which are accredited under the Renewables Obligation Certificate (ROC) regime, getting between 1.2 and 1.4 ROCs per MWh, with seven accredited under the feed-in tariff (FiT) regime.

With the acquisition, Greencoat Capital presently manages 470 MW of solar capacity in the UK. (Source: Greencoat Capital,Greencoat Capital, Renewables, 21 Feb., 2018) Contact: Greencoat Renewables, Paul O'Donnell, Partner,; Canadian Solar, Dr. Shawn Qu, CEO,

More Low-Carbon Energy News Canadian Solar,  Greencoat,  Solar,  

Canadian Solar Takes Control of Aussie Solar Portfolio (M&A)
Canadian Solar,Photon Energy
Date: 2018-01-31
Canadian Solar Inc reports it will take a controlling 51 pct stake in each of five utility-scale solar projects totaling 1,140-MWp in New South Wales, Australia, from Netherlands-based developer Photon Energy NV.

The 5 solar projects include a 316-MWp PV park in Gunning, solely owned by Photon Energy, and four projects that Photon developed in partnership with Polpo Investment -- 178 MW in Mumbil, 165 MWp in Gunnedah, 286 MWp in Suntop and 196 MWp in Maryvale.

Financial details of the transaction have not been released. (Source: Photon Energy, Canadian Solar, Others, Jan 28, 2018) Contact: Photon Energy Australia,; Canadian Solar, Dr. Shawn Qu, CEO,

More Low-Carbon Energy News Canadian Solar,  Photon Energy,  Solar Australia Solar,  

Aussie Oakey 2 Solar Farm Reaches Financial Close (Ind. Report)
Canadian Solar
Date: 2018-01-03
Guelph, Ontario-headquartered Canadian Solar Inc.reports the 70 MW Oakey 2 Solar Farm in Queensland, Australia has reached financial close with the Clean Energy Finance Corporation (CEFC) for a facility commitment of approximately A$55 million (US$42.8 million).

Canadian Solar has a EPC contract to complete the construction of the Oakey 2 Solar Farm as well as a 2 year O&M services contractfor the Oakey 2 Solar Farm which is expected to begin commercial operation in November 2018. Once operational, the project will generate approximately 138,800 MWh of clean solar power per year powering over 23,000 homes in Queensland.(Source: Canadian Solar Inc., PR, 2 Jan., 2018)Contact: Canadian Solar, Dr. Shawn Qu, CEO,

More Low-Carbon Energy News Solar,  Canadian Solar,  

Canadian Solar Secures 367MW Solar Projects in Mexico (Int'l)
Canadian Solar
Date: 2017-12-01
Canadian Solar Inc. reports it has been awarded 367 MWp of solar power projects in Aguascalientes, Hermosillo and Obregon, Mexico in the country's third long-term auction for renewables held on November 15, 2017.

Canadian Solar will develop and build three projects that will sell power to the Comision Federal de Electricidad (CFE) under a 15-year Power Purchase Agreement for energy and 20-year for Clean Energy Certificates (CELs) at an average price of $21/MWh. The projects are expected to be connected to the grid in mid-June, 2020. (Source: Canadian Solar,PR, StreetInsider, 27 Nov., 2017) Contact: Canadian Solar, Dr. Shawn Qu, CEO,

More Low-Carbon Energy News Canadian Solar ,  Solar,  

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