Guelph, Ontario: Canadian Solar Inc. announced April 10 that it had won three solar photovoltaic projects, totaling 364 MWp, in Brazil’s A-4 auction that was held on April 4, 2018. The projects, located in the states of Minas Gerais and Ceara, have been awarded 20-year Power Purchase Agreements with an average price of 118.15 BRL/MWh (approximately US$35.58/MWh). Once connected to the grid, the plants will generate approximately 706,056 MWh of electricity per year.
Canadian Solar will develop and build the projects, targeting to bring them to commercial operation by 2022.
The company also announced May 15 that its 35 MWp commercial and industrial (C&I) solar portfolio in the state of Karnataka, India reached commercial operation in March 2018.
The 35 MWp project is located in Bagalkot District of Karnataka and is expected to generate approximately 54,000 MWh of solar power every year. This project provides electricity to off-takers from the education, healthcare, cement, and auto parts industries through 25-year power purchase agreements, in line with the Open Access regulations of Karnataka.