• to-the-point: Canadian Solar signs PPAs for 80 MW in India


  • to-the-point: Canadian Solar signs PPAs for 80 MW in India

    Canadian Solar Inc (NASDAQ:CSIQ) today said it secured power purchase agreements (PPAs) for an aggregate 80 MWac of solar power projects with the Solar Energy Corporation of India (SECI).

    The solar module producer and project developer won these projects under a 450 MWac solar capacity tender in the state of Maharashtra.

    Commissioning is expected by end of the year and the solar electricity produced will be sold to SECI over the next 25 years.

    "This investment adds to our India pipeline that stands at 110 MWac and represents a significant milestone for Canadian Solar in one of world's fastest growing renewables markets," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.

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