Canadian Solar jumps into Brazilian PV development
By Karl-Erik Stromsta in New York
Thursday, November 06 2014
Updated: Thursday, November 06 2014
Canadian Solar has announced it will partner on 114MW in Brazil with local player Solatio, in a South American breakthrough that seems even to have caught Canadian Solar by surprise.
Canadian Solar announced Thursday that it will jointly “develop, build and own” 114MW of capacity with Solatio spread across three projects in the Brazilian state of Minas Gerais.
Solatio emerged as the biggest winner in Brazil’s recent 890MW solar bonanza, taking home 270MW of future capacity.
Canadian Solar says the 114MW on which it will partner will sell power for R$216.12 ($86.42) per MWh under 20-year power purchase agreements with the Agencia Nacional de Energia Electrica, a government entity..