Canadian Solar to Sign 500 MW Module Supply Contract for Projects in Spain
Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has signed a module contract with the global solar power company Solarcentury to supply 500 MW modules to Solarcentury’s two projects ‘Cabrera’ (200 MW) and ‘Talayuela Solar’ (300 MW) in Spain.
The construction for the 200 MW Cabrera project is scheduled to begin in the summer of 2019 in Alcalá de Guadaira, the Spanish region of Seville and it is expected to be connected to the grid in 2020. Once operational, the plant will produce enough electricity to power 105,000 households in the region.
The 300 MW Talayuela Solar project is scheduled to start construction later in 2019 in the Extremadura region of Talayuela in Spain and will be connected to the grid in 2020. It is expected to be one of the largest solar power plants in Europe, which will produce enough electricity to meet the needs of more than 150,000 homes.
A total of approximately 1.4 million Canadian Solar’s high efficiency CS3U-P KuMax Modules will be used for both projects. This 144-cell polycrystalline module is the best solution for these two large-scale projects, as it offers industry-leading cell technology and low power loss in cell connections, which are the key factors for the success of the projects.
Dr. Shawn Qu, Chairman of Canadian Solar, commented, ‘We are very proud to partner with Solarcentury in one of the largest solar power projects in Europe, which is set to be built without subsidy in the country. This partnership further expands our presence and competitive position in this region.’
Steven Taylor, Global Operations Director of Solarcentury said, “Solarcentury’s purpose is to make a meaningful difference in the fight against climate chaos. Due to the sheer quantity of renewable electricity these subsidy-free projects will generate, they are a highly significant milestone in realizing our vision. With Canadian Solar we have a bankable and industry-proven partner with high quality standards, which is essential for all our solar projects be they large or small”.
Source: Canadian Solar