Canadian solar safeguards two PPAs with Axpo

• The ten-year off-take deals connect to set of Italian plants which are intended to start building and construction before 2023

Canadian Solar has actually signed two 10-year PPAs with Axpo Italia for the purchase of 70% of power created by 2 solar energy plants under growth amounting to 84MWp.

Axpo Italia is one of the largest market drivers in the free energy market in Italy and a very trusted and bankable renewables generator counterparty, Canadian Solar said.

Both solar projects of 33MWp and 51MWp are located in the main Lazian city of Viterbo, and the western Sicilian city of Trapani, respectively.

Canadian Solar is establishing both projects, which are planned to start construction before 2023.

Axpo Italia will certainly buy the projects' clean solar electrical energy after they get to commercial procedure in January 2024.

As soon as in operation, the projects are anticipated to create approximately 156GWh of clean power every year, equal to the annual electricity usage of approximately 61,000 households or displacing 48,500 tonnes of carbon dioxide exhausts.

Canadian Solar chairman and president Shawn Qu stated: "We delight in to sign our 2nd and 3rd PPA with our partner Axpo Italia, coming to be the largest solar programmer in the country based upon gotten volume.

" The growth of renewable resource in Italy is vital to achieving the nation's decarbonisation and power protection purposes.

" We will certainly remain to step up in our leadership function as we remain to grow our pipe of clean energy projects in Europe."

Axpo Italia president Simone Demarchi added: "For us at Axpo, it is vital to proceed sustaining the growth and improvement of lasting agreements (PPAs) for the production and distribution of power from renewable sources.

" Today, we possess a worldwide experience in this field and we are specifically happy that the Italian market is starting to perceive its centrality too.

" Thanks to our work with highly certified partners such as Canadian Solar, PPAs represent among the very best devices to advertise the building and construction of brand-new clean power plants and placed them at the heart of ambitious goals and approaches to attain decarbonisation."