Photovoltaic (PV) manufacturer Canadian Solar and Photon Energy have entered an agreement to jointly build five solarpower projects in Australia.
To be constructed in New South Wales (NSW), the five utility-scale power plants will have a total capacity of 1.14GWp.
Canadian Solar chairman and chief executive officer Dr Shawn Qu said: “Canadian Solar is delighted to partner with Photon Energy and bring 1.14GWp into the Australian market.
“As a very active developer for solarpower plants in Australia, we will continue to strengthen our leading position in the market by partnering with Photon Energy.”
The five solarpower projects include the 316MWp plant in Gunning, which is fully owned by Photon Energy, and four other projects that are co-developed by the company with Polpo Investment.
The four projects are the 178MWp solarpower facility in Mumbil, the 165MWp project in Gunnedah, the 286MWp plant in Suntop and the 196MWp facility in Maryvale.
Photon Energy chief executive officer Georg Hotar said: “This transaction represents an exciting moment for the Photon Energy Group with our long-term commitment to the Australian market bearing fruit.
“This cooperation marks a tangible achievement of the entire team in Australia who have gained the trust of a leading global player in the solar industry such as Canadian Solar.”
Under the deal, Canadian Solar will buy a 51% shareholding in each of Photon Energy’s five solar project companies in Australia.