Canadian Solar to sell modules for North Carolina solar projects

Canadian Solar (NASDAQ: CSIQ) announced Aug. 12 that it has executed a 44 MWp module sales agreement with affiliates of Entropy Investment Management LLC and Entropy Solar Integrators LLC for a series of North Carolina projects.

Entropy will construct seven solar farms in North Carolina in 2014 by using Canadian Solar CS6X-P PV module series.

“Entropy has a strong partnership with Canadian Solar, and this is our second major order with them for projects that will enter service this year,” said Lewis Reynolds, Managing Partner of Entropy Investment Management. “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 US market by low cost manufacturers such as Canadian Solar in spite of the challenges is encouraging and ultimately essential for the continued deployment of low cost solar energy in the United States.”

“We are privileged to be a part of North Carolina’s solar success story, as North American companies continue to invest in sustainable development. Partnerships with organizations such as Entropy showcase Canadian Solar’s ability to continue serving the booming US 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,” said Thomas Koerner, General Manager of Canadian Solar’s Americas Operation.

As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar said it has an industry leading and geographically diversified pipeline of utility-scale solar power projects as well as a track record of successful solar deployment boasting over 7 GW of premium quality modules installed in over 70 countries during the past decade.

Entropy Solar Integrators is a full service solar development and finance firm that provides cost-effective, quality, and innovative solar energy.  Built on the backbone of over 200 solar photovoltaic solar projects installed in the eastern U.S. since 1999, today’s Entropy is one of best capitalized and fastest growing renewable energy companies in the world, the company noted.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.