Chinese solar company Canadian Solar continued its downstream focus by signing the biggest engineering, procurement and construction (EPC) deal in the company's history.
With Chairman and CEO Shawn Qu targeting upwards of 50% of the company's revenue from downstream projects, the solar manufacturer announced the signing of a CA$310 million (US$304 million) contract with Grand Renewable Solar LP to deliver EPC on a 130 MW plant in Ontario.
The project, developed by Samsung Renewable Energy Inc, will feature 440,000 Canadian Solar CS6X modules and is expected to deliver 165,000 MWh per year and create hundreds of green jobs in the province.
The EPC deal was signed by Canadian Solar's downstream subsidiary Canadian Solar Solutions Inc and, with construction set to start in the third quarter, it is expected the plant will be fully operational in 2015.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.