Canadian Solar subsidiary Recurrent Energy signs 100 MW solar power purchase agreement with MCE

Canadian Solar Inc. has announced a 15-year Power Purchase Agreement (PPA) for 100 MW of solar power in California (US) with MCE, California's first operating Community Choice Aggregation program.

Power from the Recurrent Energy-developed Tranquillity 8 solar project, located in Fresno County, California, will supply MCE with 100 MW of clean solar electricity, which is sufficient to power 48,300 homes. Construction of the project is expected to begin in 2017 and the project will begin providing power to MCE by late 2018.

Dawn Weisz, CEO of MCE said:

"We're proud to be working with Recurrent Energy to grow California's solar industry, helping to power economic strength, job creation and tackle climate change by transitioning our communities to clean energy."

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar said:

"This contract award further expands our contracted pipeline in the U.S. and marks the third and largest PPA between Recurrent Energy and MCE. MCE's continued leadership in procuring renewable energy is to be commended. We are pleased to have the opportunity to continue delivering reliable, cost-competitive solar power to MCE and their customers."