Canadian Solar's Australian Arm Inks Solar PPA with Amazon

• Nasdaq detailed Canadian Solar claimed that its Australian subsidiary Canadian Solar Australia has actually become part of a solar energy acquisition contract (PPA) with Amazon.

According to the bargain, solar energy will certainly be provided from the business's 146 MWp/ 110 MWac Gunnedah solar ranch, which will certainly get to business procedure by 2021.

Additionally, the solar ranch will certainly make use of Canadian Solar's BiKu bifacial components.

Additionally, this contract with Amazon is the business's initial PPA in New South Wales as well as noted its tactical access right into the huge Australian customer and also commercial (C&I) PPA market.

Talking about the growth, Dr. Shawn Qu, Chairman and also Chief Executive Officer of Canadian Solar, stated that "Canadian Solar is extremely happy to authorize this power acquisition contract with Amazon. Our group has actually striven to bring this possibility to fulfillment, as well as we expect additional cooperation with Amazon, while we bring the Gunnedah project to industrial procedure. We are recognized to assist Amazon satisfy its renewable resource objectives by using our solar innovation and also growth competence."

"Canadian Solar is a leading developer in the Australian solar market, where we have a pipe of virtually 1.2 GWp, consisting of 335 MWp of projects prepared to construct. We eagerly anticipate expanding our solar projects and also solar module supply organisations in Australia, while increasing right into various other C&I markets in this area. We see an intense future in advance as Australia remains to increase its renewable resource market," Dr. Shawn Qu included.

Canadian Solar, established in 2001. is just one of the globe's biggest and also leading solar power business. It is a leading producer of solar photovoltaic components as well as supplier of solar power options.

The firm has a geographically varied pipe of utility-scale power projects in different phases of growth.

Over the past 19 years, it has actually efficiently supplied over 38 GW of superior top quality components to clients in greater than 150 nations throughout the globe.