PPA

Recurrent Energy, a wholly owned subsidiary of heavyweight module manufacturer Canadian Solar has signed power purchase agreement for a 100 MW PV project to be located in Kings County, Central California.

Canadian Solar today announced the acquisition of an 80.6 MW PV project to be located in Minas Gerais, Brazil. The project received a 20-year PPA in Brazil’s second reserve auction, and will sell power to the Electrical Energy Commercialization Chamber.

The Spain based multi-national is building two projects in Mexico with a total capacity of 270 MW. Both projects are expected to be operational by the end of 2018.

A draft of the new rules was submitted to public consultation by the Argentinean government. The new regulation, if implemented, would authorize the sale of power to large industrial power consumers by direct agreement.

Through its Brazilian subsidiary Enel Green Power Brasil Participações, Italian developer Enel has completed two projects in Brazil’s north-eastern state of Bahia, with a total capacity of 158 MW.

The two companies have pledged to bring online one of a few large-scale solar PV plants in Bangladesh.

The Mexican gas and power provider has secured a 20-year PPA for a large-scale PV project in Mexico from local steelmaker Deacero. The $115 million plant will have a capacity of 110 MW.

The Puerto Libertad solar power plant in Sonora has a private PPA for 112 MW and an allocation of 227 MW in the framework of the second clean energy auction. Commissioning is expected in the first half of 2019.

The capital intensity per watt of the utility scale solar plants in the current development pipeline in Australia is about half that of those that are already operational.

This is one of the lower PPAs reported for solar projects in service in the United States; however PPAs are now being signed for much lower prices.