Canadian Solar offloads 144MW Texas PV to Duke

• Pflugerville project in Travis County is unfinished as well as is anticipated to be operational in mid-2021

Canadian Solar subsidiary Recurrent Energy has shut the sale of a 144MW solar project in Texas to Duke Energy Renewables.

The Pflugerville solar project, in Travis County, is unfinished and also is expected to accomplish industrial procedure in mid-2021.

The energy produced from Pflugerville will certainly be marketed to Austin Energy under a 15-year power acquisition agreement (PPA).

It is the fifth utility-scale PV project that Duke Energy Renewables has actually acquired from Recurrent Energy, including the Rambler solar project in Texas, which reached industrial procedure in 2020.

Canadian Solar chairman and also CEO Shawn Qu said: "The execution and sales process for this project was interrupted because of the Covid pandemic.

" However, we were nimble and also swiftly secured the funding to begin construction and also close the sale in a timely manner. To finish this deal in 2020 is fairly an achievement and I thank our groups and also partners for their devotion and hard work."

Qu added: "We have a long-lasting relationship with Duke Energy Renewables and also are pleased that they have ended up being the new proprietors of Pflugerville Solar, as it is a site project that perseverance regional homes in the Austin location, sustaining the clean power change as the Lone Star State remains to diversify its power mix."

This project's PPA sustains Austin Energy's renewable resource objectives, which dedicate the energy to achieve at the very least 55% renewable resource by 2025, and 65% renewable energy by the end of 2027.

The project also supports Duke Energy's goals of doubling its renewable resource resources by the end of 2025.

The Pflugerville solar PV plant will use approximately 489,600 of Canadian solar's bifacial modules.

The engineering and also building for the project is being done by Signal Energy.

To sustain the building of the project, in August Recurrent Energy shut financial obligation and also tax equity funding amounting to over $234m.

The tax obligation equity funding was given by US Bank and also the financial obligation funding was provided by a financial institution club led by CIT Bank, that included Norddeutsche Landesbank, Rabobank and also Zions Bank.

Fight it out Energy Renewables will certainly give the long-lasting procedures as well as upkeep services to the project.

The project is expected to utilize 350 workers at peak building and construction, with at least 50% of those construction jobs anticipated to be loaded by local proficient tradespeople from the Travis County area.