Canadian Solar inks PPA for 103-MWp project in Mexico

Solar panels. Author: 100% Campaign.

March 9 (Renewables Now) - Canadian Solar Inc (NASDAQ:CSIQ) said today it has sealed a power purchase agreement (PPA) for a 103-MWp solar power project in Mexico's Ojocaliente municipality, Zacatecas state.

The company signed the deal with Techgen SA de CV, which owns and operates a combined cycle power plant, producing electricity for the manufacturing plants in Mexico of steel products firm Ternium SA (NYSE:TX) and steel tube maker Tenaris SA (NYSE:TS).

With the 15-year PPA in place, Canadian Solar will be able to finance and build the photovoltaic (PV) plant. The facility, powered by Canadian Solar's high-efficiency modules, is expected to commence power generation in 2021.

Canadian Solar's Mexican portfolio also includes four solar projects secured in auctions, with a combined capacity of 438 MWp, Chairman and CEO Shawn Qu pointed out.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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