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CSI Solar, Crimson Ink Solar+Storage Contract (Ind. Report)
Canadian Solar Inc
Date: 2021-09-15
Guelph, Ontairi-headquartered Canadian Solar Inc. reports its majority-owned subsidiary, CSI Solar Co., Ltd. has closed a 350 MW / 1400 MWh EPS contract to provide the fully-integrated battery storage system and maintenance service to Recurrent Energy's stand-alone battery storage project in Riverside County, California.

CSI Solar will supply and construct a fully bankable, lithium iron phosphate-based technology battery system which is expected to reach commercial operation by the summer of 2022. In addition, CSI Solar will support the battery storage system with 15-year service agreements as well as capacity and performance guarantees,

The Crimson storage project is 80 pct owned by Axium Infrastructure -- an independent portfolio management firm dedicated to generating long- term investment returns through investing in core infrastructure assets in North America -- and 20 pct owned by Recurrent Energy -- Canadian Solar's wholly-owned subsidiary. Crimson holds two 15-year stand-alone storage contracts with local utilities Southern California Edison and Pacific Gas and Electric.

CSI Solar will supply and construct a fully bankable, lithium iron phosphate-based technology battery system which is expected to reach commercial operation by the summer of 2022. In addition, CSI Solar will support the battery storage system with 15-year service agreements as well as capacity and performance guarantees, ensuring system output, safety and reliability. The long term service agreement includes the operation and maintenance of the battery systems as well as their future augmentation services. The project will be augmented with planned additional installed battery capacity of approximately 300 MWh to be installed on regular frequencies over the 15-year term of the long term service contract. (Source: Canadian Solar, Website PR, 9 Sept., 2021) Contact: Canadian Solar Inc., Isabel Zhang, Investor Relations, investor@canadiansolar.com, www.canadiansolar.com; Recurrent Energy, www.recurrentenergy.com; Axium Infrastructure, Anne-Sophie Roy, VP, 514-954-3781 asroy@axiuminfra.com, www.infrastructure.com

More Low-Carbon Energy News Canadian Solar Inc,  Solar+Storage,  


Canadian Solar Inks U.S. Solar+Storage O&M Agreements (Ind. Report)
Canadian Solar,Recurrent Energy
Date: 2021-09-08
Guelph, Ontario-headquartered Canadian Solar Inc. reports it has entered into long-term operations & maintenance (O&M) agreements with the Slate and Mustang solar PV plus battery storage projects in Kings County, California. The projects were both developed by Canadian Solar's subsidiary Recurrent Energy and are currently owned by Goldman Sachs Asset Management Renewable Power.

The agreements cover the full Slate Project, which is a 300 MW AC solar plant designed with a 140 MW / 561 MWh battery energy storage system. It also covers the storage component of the Mustang Project, which is a 100 MW AC solar plant retrofitted with a 75 MW / 300 MWh battery storage system. Canadian Solar O&M work will include plant monitoring, NERC registration, performance management, and preventative and corrective maintenance. (Source: Canadian Solar Inc., PR, 7 Sept., 2021) Contact: Canadian Solar Inc., Isabel Zhang, Investor Relations, investor@canadiansolar.com, www.canadiansolar.com; Recurrent Energy, www.recurrentenergy.com Canadian Solar Inc.,

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


CSI Solar Plans Shanghai China STAR Market IPO (Ind. Report)
Canadian Solar
Date: 2021-06-30
Guelph, Ontario-headquartered Canadian Solar Inc. reports its majority-owned subsidiary CSI Solar Co., Ltd. has submitted an application for a potential initial public offering (IPO) and listing on the Shanghai Stock Exchange Science and Technology Innovation Board (STAR Market). The company plans to issue up to 541,058,824 shares, excluding shares issuable upon the exercise of a less than 15 pct over-allotment option.

Canadian Solar presently owns approximately 80 pct of CSI Solar's shares.

The IPO proceeds will be used to strengthen CSI Solar and the Company's market leadership position, R&D, increasing production capacity and additional working capital. The CSI Solar IPO is subject to Shanghai Stock Exchange review and China Securities Regulatory Commission registration and approval.

Nasdaq-listed Canadian Solar is one of the world's largest solar technology and renewable energy companies and manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. The Company presently has around 500 MWp of projects in operation, nearly 6 GWp of projects under construction or in backlog (late-stage), and an additional 15 GWp of projects in pipeline. Canadian Solar also has 1.2 GWh of battery storage projects under construction and nearly 17 GWh of battery storage projects in backlog or pipeline. (Source: Canadian Solar Inc., Website PR, 28 June, 2021) Contact: CSI Solar, Canadian Solar Inc., Isabel Zhang, Investor Relations, investor@canadiansolar.com, www.canadiansolar.com;

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


Recurrent Energy Amps Up Battery Storage Projects (Ind. Report)
Recurrent Energy,Canadian Solar
Date: 2021-06-23
Guelph, Ontario-based Recurrent Energy, LLC, a utility-scale solar and storage project developer and wholly-owned subsidiary of Canadian Solar Inc.(CSI), reports it has expanded its U.S. energy storage footprint with several battery energy storage systems (BESS) contracted to be built in California in 2021 and 2022. These projects span retrofits as-a-service, solar plus storage PPAs, and stand-alone storage tolling agreements.

With a pipeline of around 11 GWh of battery storage projects across the U.S., of which 2.3 GWh are in late-stage development, Recurrent Energy has been actively developing both PV solar plus energy storage and standalone storage projects since 2014. In collaboration with Recurrent Energy's project development team, Canadian Solar's majority-owned CSI solar subsidiary delivers competitive, highly bankable and fully-integrated battery storage solutions to support the recent acceleration in demand. Canadian Solar's global project development business -- Global Energy Group -- continues to expand and focus on energy storage, with a combined total pipeline of more than 5,328 MW / 16,875 MWh, according to the release. (Source: Recurrent Energy, PR, 22 June, 2021) Contact: Canadian Solar Inc. , Isabel Zhang, Investor Relations, investor@canadiansolar.com, www.canadiansolar.com; Recurrent Energy, www.recurrentenergy.com

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


Habitat, Canadian Solar Partner on Grid-Scale Energy Storage (Int'l)
Canadian Solar,Habitat Energy
Date: 2021-05-14
Guelph, Ontario-headquartered Canadian Solar Inc. reports it is partnering with Oxford, UK-headquartered energy storage optimisation specialist Habitat Energy and will offer Habitat's optimisation services for grid-scale battery storage assets, including its trading platform with route-to-market capabilities for wholesale and balancing markets to developers and battery storage owners.

Habitat Energy's services are based on its proprietary software PowerIQ . It has been used in the UK to bring London-based Gresham House's storage assets into the Balancing Mechanism for example. Habitat has also established a presence in Australia, according to the release. (Source: Canadian Solar, Habitat Energy, PR, May, 2021) Contact: Canadian Solar Inc., Isabel Zhang, Investor Relations, investor@canadiansolar.com, www.canadiansolar.com; Habitat Energy, Andrew Luers, CEO, +44 1865 261470, www.habitat.energy

More Low-Carbon Energy News Canadian Sola,  Energy Storage,  Habitat Energy,  


$98Mn Solar Farm Planned for Louisiana (Ind. Report)
Bayou Galion Solar Project
Date: 2021-03-24
Recurrent Energy Development Holdings and Canadian Solar subsidiary Bayou Galion Solar Project LLC has proposed construction of a 98.1-MW, 1,000 acre solar farm near Bastrop, Morehouse Parish, Louisiana. If constructed, the project could supply sufficient power for as many as 21,000 homes and support 150 construction jobs starting in July 2022.

The company is seeking an 80 pct property tax abatement for 10 years through the Louisiana Industrial Tax Exemption Program. (Source: Louisiana Economic Dev. Office, The Advocate, Mar., 2021) Contact: Louisiana Economic Dev. Office, 225-342-3000, www.opportunitylouisiana.com; Bayou Galion Solar Project LLC, www.opencorporates.com/companies/us_la/42281315Q

More Low-Carbon Energy News Solar,  


Arizona Solar Co-op Selects Rooftop Solar Provider (Ind. Report)
Solar,Solar United Neighbors
Date: 2021-03-24
In Arizona, Solar United Neighbors (SUN) reports Northern Arizona Solar Co-op's 160 members have selected Rooftop Solar to install solar panels.

SUN expands access to solar by educating Arizona residents about the benefits of distributed solar energy, helping them to organize group solar purchases, strengthening Arizona solar policies and building a community of solar supporters. Local partners of the Northern Arizona Solar Co-op include the City of Flagstaff, City of Sedona, and Coconino County.

Not-for-profit Solar United Neighbors works in Arizona and nationwide to represent the needs and interests of solar owners and supporters. Solar co-ops are part of the organization's mission to create a new energy system with rooftop solar at the cornerstone. Solar United Neighbors holds events and education programs to help people become informed solar consumers, maximize the value of their solar investment, and advocate for fair solar policies. (Source: Northern Arizona Solar Co-op, PR, Flagstaff Bus., 21 Mar., 2021) Contact: Rooftop Solar, Derek Turner, VP Marketing, Northern Arizona Solar Co-op, coops.solarunitedneighbors.org; Solar United Neighbors, www.solarunitedneighbors.org

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


Canadian Solar Invests in SolarWorX (Ind. Report, Funding)
Canadian Solar, SolarWorx
Date: 2021-03-22
Guelph, Ontario-headquartered Canadian Solar Inc. and SolarWorX, a Berlin based off-grid solar pioneer, are reporting a strategic partnership in which Canadian Solar will make a seven-digit investments in SolarWorX as part of the start-up's series A investment round. Other investors include EIT InnoEnergy and Deutsche Investitions- und Entwicklungsgesellschaft (DEG) one of the world's largest private-sector development financiers.

The funding will help SolarWorX expand its product portfolio and sales in its existing key markets -- Cameroon, Zambia and Nigeria, with South Africa as its base for selling to the sub-Saharan region -- without a stable grid connection.

SolarWorX offers a modular off-grid solar solution called Solego to harness and distribute energy from solar panels. The modular systems with 80Wh or 160Wh battery capacity can be stacked on top of each other and provide flexibility to power individual households, small businesses and entire communities.

Since 2010, Canadian Solar has developed, built and connected over 5.7 GWp in over 20 countries across the world. Currently, the Company has over 500 MWp of projects in operation, over 5 GWp of projects under construction or in backlog (late-stage), and an additional 11 GWp of projects in pipeline (mid- to early- stage). (Source: Canadian Solar Inc., PR, Website, Isabel Zhang, Investor Relations, investor@canadiansolar.com, www.canadiansolar.com; SolarWorx, Felix Boldt, CEO, www.solarworx.io

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


Recurrent Energy Breaks Ground on One of the Largest Solar+Storage Projects in U.S. (Ind. Report)
Canadian Solar,
Date: 2021-01-22
Guelph, Ontario-based Canadian Solar Inc. reports its wholly-owned utility scale solar project developer subsidiary Recurrent Energy, LLC has completed the sale of the Slate project to Goldman Sachs Renewable Power.

The Slate project is a 300 MW solar plus 140.25 MW / 561 MWh storage project located in Kings County, California, and has begun construction.

Canadian Solar's majority-owned energy storage subsidiary, System Solutions and Energy Storage will provide the project's battery storage integration solution. The project has signed PPAs with five different off-takers -- four solar and energy storage and one solar-only.

Recurrent Energy, which functions as Canadian Solar's U.S. project development arm, has approximately 5 GW of solar and storage projects in development in the U.S. (Source: Canadian Solar, Website PR, 13 Jan., 2021) Contact: Rercurrent Energy, www.recurrentenergy.com; Canadian Solar, www.canadiansolar.com

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


Recurrent Breaks Ground on Major Solar+Storage Project (Ind. Report)
Recurrent Energy
Date: 2021-01-22
Guelph, Ontario-based Canadian Solar Inc. reports its wholly-owned utility scale solar project developer subsidiary Recurrent Energy, LLC has completed the sale of the Slate project to Goldman Sachs Renewable Power. The Slate project is a 300 MW solar plus 140.25 MW / 561 MWh storage project located in Kings County, California, and has begun construction.

Canadian Solar's majority-owned energy storage subsidiary, System Solutions and Energy Storage will provide the project's battery storage integration solution. The project has signed PPAs with five different off-takers.

Recurrent Energy, which functions as Canadian Solar's U.S. project development arm, has approximately 5 GW of solar and storage projects in development in the U.S. (Source: Canadian Solar, Website PR, 13 Jan., 2021) Contact: Canadian Solar, Rercurrent Energy, www.recurrentenergy.com; Canadian Solar, www.canadiansolar.com

More Low-Carbon Energy News Recurrent Energy news,  Energy Storage news,  Solar+Storage news,  


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, mary.grikas@lightsourcebp.com, www.lightsourcebp.com

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, www.canadiansolar.com; Recurrent Energy, www.recurrentenergy.com

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, www.canadiansolar.com; Recurrent Energy, www.recurrentenergy.com

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, www.canadiansolar.com

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, www.techgen.com.mx; Canadian Solar Solutions, www.canadiansolar.com

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, www.canwea.ca; CanSIA, 866-522-6742, www.cansia.ca

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, www.canadiansolar.com; Lightsource BP, Carl Jackson, Director Utility-scale Solar Initiatives, +44 0 333 200 0755, www.lightsourcebp.com

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, www.kepco.co.kr/eng; Canadian Solar, Dr. Shawn Qu, CEO, www.canadiansolar.com

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, www.centrica.com; Canadian Solar Solutions, www.canadiansolar.com; Direct Energy, Mike Senff, VP, (416) 758-8700, www.directenergybusiness.com

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 www.nationalsolar.ca; BayWa r.e., Florian Zerhusen, CEO, Frank Jessel, Global Dir. Solar, (850) 450-6800 - San Diego office, info@baywa-re.us, www.baywa-re.us;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, www.canadiansolar.com; NRC, Vanessa Adams, Office of the Minister of Natural Resources, (343) 543-7645, Vanessa.Adams@canada.ca, www.nrcan.gc.ca

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)
BlackRock
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, www.blackrock.com/ca; Ullico, 202.682.0900, www.ullico.com

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, hello@edifyenergy.com, www.edifyenergy.com; Octopus Investments, +44 800 316 2295, www.octopusinvestments.com; Contact: Canadian Solar, Shawn Qu, CEO, (519) 954-2057, www.canadiansolar.com

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, www.canadiansolar.com

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, www.trailstonegroup.com; Manni Energy, +39 045 808 8911, www.mannienergy.it; Canadian Solar, Dr. Shawn Qu, CEO, www.canadiansolar.com

More Low-Carbon Energy News Canadian Solar,  Solar,  

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