NEW PARTNERSHIP TO DEVELOP PIRAPORA III SOLAR FARM IN BRAZIL
Canadian Solar one of the world’s largest solar power companies, and EDF Energies Nouvelles, a global market leader in renewable energy, announced a partnership in the 92.5 MWp Pirapora III photovoltaic project in Brazil, through the sale of 80% interest in the Project by Canadian Solar to EDF EN do Brasil, EDF Energies Nouvelles’ local subsidiary. The Pirapora III project has started construction and is expected to reach commercial operation in the fourth quarter of 2017. Canadian Solar is supplying modules for the Project from its 380 MWp modules factory established in Brazil to support the local market. EDF EN do Brasil will manage both the construction and operations phases of the Project.
EDF EN do Brasil previously acquired from Canadian Solar an 80% interest in its 191.5 MWp Pirapora I and 115 MWp Pirapora II projects. Once commissioned in 2018, the three projects located in the same area will form the largest solar photovoltaic facility in operation in Latin America with a total installed capacity of approximatively 400 MWp. The three projects will benefit from common operational facilities and services. The Pirapora III project, located in the State of Minas Gerais in Brazil, was awarded a 20-year Power Purchase Agreement in the 2014 Reserve Energy Auction.
The Project will generate 188 GWh per year and contribute towards the country’s goal of obtaining 23% of its energy from non-hydro renewable sources by 2030. (Source: EDF Energies Nouvelles)