Receive our newsletter – data, insights and analysis delivered to you
  1. News
August 9, 2016

Canadian Solar, CFE sign PPA for 63MWp solar project in Mexico

Canada-based photovoltaic (PV) solar systems manufacturer Canadian Solar has signed a new power purchase agreement (PPA) with state-owned electric utility company Federal Electricity Commission (CFE) for a 63MWp solar power plant in Aguascalientes, Mexico.

By Lopamudra Roy

Canada-based photovoltaic (PV) solar systems manufacturer Canadian Solar has signed a new power purchase agreement (PPA) with state-owned electric utility company Federal Electricity Commission (CFE) for a 63MWp solar power plant in Aguascalientes, Mexico.

Awarded in April this year under Mexico's First long-term electricity auction, the new project is expected to be in operation  by September 2018.

Canadian Solar's chairman and chief executive officer Dr Shawn Qu said: “We are pleased to sign the PPA for this solarpower project awarded to us earlier this year.

"The project was awarded in April under Mexico's First long-term electricity auction."

“We will continue to leverage our global project development and execution capability to continue to expand our global late-stage solar project pipeline to meet the growing demand of clean solar energy in Mexico and around the world.”

The acquisition will be made under the PPA for a period of 15 years and related clean energy certificates for a period of 20 years.

Founded in 2001, Canadian Solar has supplied more than 15GW of solar modules to over 90 countries across the world.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration

Image: Canadian Solar sign PPA with CFE for 63MWp solar power plant in Aguascalientes, Mexico. Photo: courtesy of franky242 / Freedigitalphotos.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU