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