Canadian Solar Signs PPA for 103 MW Solar Project in Mexico

• Canadian Solar has actually authorized a PPA agreement with Techgen to fund and also develop a 103 MW solar energy project situated in Zacatecas State, Mexico.

Canadian Solar, among the globe's biggest solar power firms, has actually revealed that it has actually authorized a Power Purchase Agreement (PPA) agreement with Techgen, an associate of Ternium and also Tenaris. The PPA agreement has a 15-year term and also will certainly enable Canadian Solar to fund and also develop a 103 MWp solar energy project found in Ojocaliente Municipality, Zacatecas State, Mexico.

The solar plant will certainly make use of Canadian Solar high-efficiency components as well as is anticipated to begin procedures in 2021.

Techgen possesses as well as runs a consolidated cycle nuclear power plant that provides power to Tenaris' and also Ternium's factory in Mexico. Ternium. is a leading firm in the Americas that makes as well as refines a variety of high-complexity steel items utilizing one of the most innovative innovation. Tenaris is a leading worldwide supplier as well as distributor of steel tubes as well as associated solutions for the globe's power market and also particular various other commercial applications.

"We are honoured to provide tidy and also affordable power to among the primary steel production firms in Latin America. Authorizing this PPA shows Canadian Solar's capability to fulfill the ecological as well as industrial requirements of business consumers, reinforcing our performance history in Mexico where we have actually currently been granted 4 projects completing 438 MWp in the Long-Term Auctions," claimed Dr. Shawn Qu, chairman as well as ceo at Canadian Solar.

In February, we had actually reported that the company had actually protected 225.2 million Brazilian reais (USD 55 million) non-recourse project funding from Banco do Nordeste do Brasil (BNB) for its Lavras solar energy projects in Brazil. The 152.4 MWp Lavras project will certainly be moneyed over 21 years throughout the building and also procedure stages of the projects.

Before that, the company had actually reported that it had actually obtained a 47.5 MW profile of solar projects under advancement in Chile. These projects will certainly come to be functional in 2 various phases, starting from the 4th quarter of 2020. The projects will certainly be situated in the Araucanían and also Maule Regions of Chile and also will certainly make use of about 132,000 items of Canadian Solar's high-efficiency BiHiKu bifacial components, anticipated to produce over 89.1 GWh of electrical energy or power around 28,500 houses annually.