Canadian Solar lines up contract for 63-MW project in Mexico

Canadian Solar Inc. (NASDAQ: CSIQ) announced Aug. 8 that it has signed a Power Purchase Agreement (PPA) for a 63-MWp solar power plant in Aguascalientes, Mexico, with the Federal Electricity Commission (Comision Federal de Electricidad or “CFE”).

This project was awarded in April 2016 under Mexico’s First Long Term Electricity Auction and it is expected to generate electricity by September 2018. All the electricity will be sold to the CFE under the PPA for a 15-year period and related Clean Energy Certificates for a 20-year period.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said: “We are pleased to sign the PPA for this solar power project awarded to us earlier this year. We will continue to leverage our global project development and execution capability to continue to expand our global late stage solar project pipeline to meet the growing demand of clean solar energy in Mexico and around the world.”

Canadian Solar has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 14 years, Canadian Solar has successfully delivered over 15 GW of premium quality modules to over 90 countries around the world.

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.