Canadian Solar to wrap up construction this year on seven U.S. projects

Canadian Solar reported in its annual Form 20-F report, filed with the SEC on April 20, that it has seven solar projects with a combined gross capacity of 1,185.1 MW (dc) in construction in the U.S. with expected commercial operation starts for all of them this year.

They are:

  • Astoria 1, 130.8 MW (gross dc), California;
  • Astoria 2, 100 MW (gross dc), California;
  • Barren Ridge, 78 MW (gross dc), California;
  • Mustang, 134.4 MW (gross dc), California;
  • Tranquillity, 257.7 MW (gross dc), California;
  • Roserock, 212.1 MW (gross dc), Texas; and
  • Garland, 272.1 MW (gross dc), California.

During 2015, Canadian Solar sold controlling interests in three solar power projects – Tranquillity, Roserock and Garland – to Southern Power, a subsidiary of Southern Co. (NYSE: SO).

By the end of January 2016, Canadian Solar had secured debt commitments totaling $1.8 billion with a syndicate of banks and tax-equity investment commitments totaling $1.3 billion from several investors to fund the build-out of all of its utility-scale projects currently under construction.

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.