The Australian unit of Canadian Solar Inc (NASDAQ:CSIQ) has signed with Amazon (NASDAQ:AMZN) a power purchase agreement (PPA) tied to the 110-MW Gunnedah solar farm in New South Wales.
The Gunnedah solar power plant, with a peak capacity of 146 MW, is expected to reach commercial operation by 2021. It will be equipped with the BiKu bifacial modules made by Canadian Solar.
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The contract marks the company’s entry into the large Australian Consumer and Industrial (C&I) PPA market, it noted.
In Australia, Canadian Solar has a pipeline of almost 1.2 GWp, including 335 MWp of shovel-ready projects.
“We look forward to growing our solar projects and solar module supply businesses in Australia, while expanding into other C&I sectors in this region,” Shawn Qu, chairman and CEO of Canadian Solar.
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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.