GUELPH, Ontario — Canadian Solar has won a 63 MWp solar power project in Aguascalientes, Mexico. Canadian Solar will develop and build the solar power plant. Once connected to the grid, the electricity generated will be sold to CFE (Comisión Federal de Electricidad), under a 15-year Power Purchase Agreement for energy and capacity and 20-year for Clean Energy Certificates at approximately US$47.95/MWh. The project is expected to be connected to the grid in September 2018.
“We are delighted to announce this win in Mexico which expands our late stage solar project pipeline in OECD countries, and positions us well for further growth in this important emerging market,” commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. “Our ability to win this competitive bid is a testament to our strength as a global tier 1 leader in the solar industry. We look forward to build on our momentum to expand our global presence and help accelerate the adoption of solar energy to mitigate climate change in the region and around the world as we continue to focus on our corporate vision of making a difference to the planet.”
About Canadian Solar Inc.
Founded in 2001 in Canada, Canadian Solar is one of the world’s largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. In the past 14 years, Canadian Solar has successfully deployed over 13 GW of premium quality modules in over 90 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publically listed on NASDAQ since 2006.