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.
- 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.