From pv magazine LatAm
The Chinese-Canadian solar panel manufacturer has secured two power purchase agreements for two large-scale PV projects in Brazil, where it owns and operates a PV module factory.
The first 20-year PPA was sealed with Braskem S.A., which the manufacturer describes as the largest maker of thermoplastic resins in the Americas and the largest producer of polypropylene in the United States. The deal relates to a 152 MW PV project in the state of Minas Gerais. It is scheduled for completion by the end of 2022, with construction being set to start next year.
“This is the first PPA signed directly between Canadian Solar and an industrial customer in Brazil and sets another landmark … in this market,” the company said.
The second deal was signed with Brazilian energy firm Copel (Companhia Paranaense de Energia), which operates in the southern state of Parana. It is linked to a 122 MWp project that Canadian Solar plans to build in the state of Pernambuco in 2021.
Popular content
Canadian Solar claims the projects will bring its solar PPA portfolio in the country to more than 1.9 GW, and more than 2.6 GW of PPAs awarded and contracted throughout Latin America.
The manufacturer has a PV module factory near Sao Paulo with an annual production capacity of 380 MW. Solar projects that feature Brazilian-made components can access financing from Brazil's BNDES development bank and Banco do Nordeste.
The headline on this story was amended on 24/11/20 to reflect the total generation capacity of the two projects concerned is 274 MW, not 247 MW, as previously stated.
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.
2 comments
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.