Canadian Solar equips 3.1-MW solar farm in Nicaragua
Oct 31, 2014 - Canadian Solar Inc (NASDAQ:CSIQ) said today it has supplied the photovoltaic (PV) modules for a 3.1-MW power generation project in Nicaragua’s municipality of Tipitapa.
The Planta Solar Zona Franca Astro Nicaragua will use Canadian Solar’s CS6X-300P modules. The funding for the solar scheme was provided by local banks, Centro America Renovables and Energia Solar Aplicada.
The output of the PV plant will meet approximately 30% of the total electricity demand at the Zona Franca Astro Nicaragua industrial park, powering 26 companies there. Upon completion in 2014, it will represent the biggest private grid-connected Nicaraguan solar system, Canadian Solar noted.
The Chinese firm is active in the production of modules and other solar products in Canada and China as well as in the installation of solar power plants globally. "The market outlook for Canadian Solar in Central America is robust, and we expect our opportunities in this region will continue to expand in 2015 and beyond,” chairman and CEO Shawn Qu said.