Canadian Solar secures PPA for 63MW solar plant in Mexico

Canadian Solar secures PPA for 63MW solar plant in Mexico

Chinese-Canadian solar company Canadian Solar Inc. (NASDAQ:CSIQ) has announced that it signed a Power Purchase Agreement (PPA) for the 63MW solar power plant in Aguascalientes, Mexico with the Federal Electricity Commission (Commission Federal de Electricidad, “CFE”).

The project was awarded in April this year under Mexico’s first long term electricity auction and is anticipated to produce electricity by September 2018.

All the electricity generated will be sold to the CFE under the PPA for a 15-year period and related Clean Energy Certificates for a 20-year period.

Dr. Shawn Qu, chairman and CEO of Canadian Solar said: “We are pleased to sign the PPA for this solar power project awarded to us earlier this year.

“We will continue to leverage our global project development and execution capability to continue to expand our global late stage solar project pipeline to meet the growing demand of clean solar energy in Mexico and around the world.”

@RGNOnline