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