Canadian Solar nabs 5.86-MW module deal for California projects
Dec 17, 2013 - Solar module maker Canadian Solar Inc (NASDAQ:CSIQ) on Monday said its CS6P monocrystalline modules will be used for 5.86 MW of solar plants in Clovis, California as part of a district school project.
Construction of the 21 solar power facilities, undertaken by Cupertino Electric, began in 2012. The USD-25-million (EUR 18.2m) project was financed through a bond placement. Management services for the scheme are provided by independent energy advisor TerraVerde Renewable Partners.
The Clovis Unified School District solar systems are expected to be switched on in January, producing about 8.4 million kWh of electricity each year. Via the project, the California school district will be able to achieve cost saving of USD 2.7 million per year for 35-40 years. The district’s currently electricity bill stands at USD 7.5 million.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.