Canadian Solar completes purchase of 49% stakes in 30 MW solar projects from Suzlon

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Canadian Solar has completed the purchase of a 49% stakes in two solar photovoltaic projects with a combined capacity of 30 MW from Suzlon Energy. 

The project involved are:

  • 15 MW solar PV project in Ramannapet - It has an existing power purchase agreement (PPA) deal for 25 years at INR5,540 (US$77.88) with Telangana Southern Power Distribution Company Ltd.
  • 15 MW solar PV project in Kamareddy -  It has an existing power purchase agreement (PPA) deal for 25 years at INR5,540 (US$77.88) with Telangana Northern Power Distribution Company Ltd.

Suzlon will be responsible for project commissioning and to provide comprehensive operation and maintenance services for a period of 25 years. 

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