Chief executive of Norwegian developer tells markets his company will deliver on 1.5 GW promise by the end of the year – by including any projects it has broken ground on.
The 25 MW project is planned for the town of Benguébougou, in the Korhogo department, in the north of the west African nation.
The Chinese-Canadian solar company reached commercial operation for the plant just in time to still benefit from the state of Karnatake’s lucrative incentives programme. Open access rules allow businesses to broker PPA’s directly with the PV operator.
The Chinese-Canadian module manufacturer saw its quarterly revenue exceed its forecast, while posting a net profit of $43.8 million. Meanwhile, its portfolio of solar projects in development has reached 2.3 GW.
Large-scale solar’s rapidly falling costs has seen work on a record-setting number of projects get underway in Australia in 2018 – worth some 2 GW of capacity. The Clean Energy Council’s Kane Thornton made the observation at its Large-scale Industry Forum in Brisbane yesterday.
Canadian Solar Inc. has signed an agreement with Global Investment Holdings (GIH) to develop up to 300 MW of solar PV projects in Europe, the Middle East and Africa.
The solar facility, planned to be built in the northwestern province of Salta, was awarded a 20-year PPA in the second round (Ronda 1.5) of the Argentinean program for large-scale renewable energy projects, RenovAr.
Canadian Solar has recorded net income of about $99.6 million for 2017, up sharply from the preceding year, as its full-year PV module shipments jumped by roughly 1.6 GW on the year to 6.8 GW.
The developer has sold off three large, operational solar plants to the Korea Electric Power Corporation, as parent company Canadian Solar moves into O&M.
Canadian Solar has signed a credit facility of up to JPY 16 billion ($149 million) with Shinsei Bank to back the construction of a 53.4 MWp solar project in southwestern Japan.
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