Canadian Solar has announced today a 44 MW supply deal with affiliates of Entropy Investment Management, LLC and Entropy Solar Integrators LLC that will see the solar giant provide its high efficient modules for seven solar farms in North Carolina, U.S.
Entropy will engineer, procure and construct the seven solar plants using Canadian Solars CS6X-P PV modules, which combined will add 44 MW of solar energy to the local grid.
The solar farms each have a 20-year lifespan and will generate more than 1.1 million kWh of solar power over the duration of their lifecycle the equivalent of removing 94,000 cars from the road and enough clean energy to serve the needs of 130,000 local households.
Entropy managing partner Lewis Reynolds said: "We are particularly pleased that we were able to consummate this deal at a fair price even after the imposition of new duties on solar products. Continued commitment to the U.S. market by low cost manufacturers such as Canadian Solar, in spite of challenges, is encouraging and ultimately essential for the continued deployment of low cost solar energy in the U.S."
Canadian Solar’s general manager of Americas operation Thomas Koerner added: "Partnerships with organizations such as showcase Canadian Solar’s ability to continue serving the booming U.S. market. Generating local jobs to design, construct and finance these PV projects while increasing the use of clean and renewable energies is part of our dedication to making a solar-powered America a reality."
Canadian Solar has been active in the North Carolina solar market for some time, and in January secured a supply deal worth 25.3 MW for four solar projects in the state. And just last month, tech giants Apple had plans approved to build a 17.5 MW solar plant in the state at a cost of $55 million Apple’s third solar project in North Carolina.