Canadian Solar raises USD 20 million funding for solar PV projects in Brazil, including the 191 MWP_Chiko Solar Mounting System | Mounting Factory Shanghai China

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Canadian Solar raises USD 20 million funding for solar PV projects in Brazil, including the 191 MWP

Data:2017-11-08

Canadian Solar Inc. (Guelph, Ontario) on March 6th, 2017 announced that it has received USD 20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible solar photovoltaic (PV) projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
The Pirapora I PV project is currently under construction and is expected to be completed in the third quarter of 2017. Once solar photovoltaic (PV) projects is operational, the PV plant will generate 391.3 GWh of solar power per year, enough to meet the annual energy needs of more than 200,000 Brazilian households.

In October 2016, Canadian Solar announced the sale of 80% interest in the project to EDF Energies Nouvelles' local subsidiary, EDF EN do Brasil.

Canadian Solar's investments to accelerate solar energy generation in Brazil include the operation of the country's largest solar PV module manufacturing facility with annual capacity of 380 MW and the development of a further 207 MWp of solar energy projects with 20-year power purchase agreements (PPAs).

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