Canadian Solar Acquires a 97.6 MWp Solar Power Project in Argentina

GUELPH, Ontario, March 29, 2018 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced the acquisition of a 97.6 MWp solar photovoltaic (PV) project in Cafayate, Salta Province, Argentina. The Cafayate Project was awarded in the second public renewable energy tender in Argentina (RenovAr 1.5), receiving a USD denominated 20-year Power Purchase Agreement at US$56.28/MWh. Canadian Solar plans to start construction on the plant in July 2018. Once connected to the grid by Q2 of 2019, the plant will generate approximately 235,777 MWh of electricity per year, which will be sold to CAMMESA (Compañ...

via Canadian Solar Inc. Press Releases https://ift.tt/2E4tTat