Canadian Solar, Manni Energy finalize sale of 17.7 MWp solar PV project in Sicily to Sonnedix

Canadian Solar Inc. and Manni Energy have closed the sale of a 17.7 MWp portfolio in Italy to Sonnedix. The companies expect to recognize revenue from the sale in the first quarter of 2020. The portfolio of five solar PV plants in Sicily has been operational since February 2020.

The energy produced is sold to TrailStone Renewables GmbH through a recently signed 10-year PPA. This is one of the longest PPAs for subsidy-free solar portfolios in Italy to date. These solar plants are expected to produce approximately 34 GWh of clean energy per annum, equivalent to providing approximately 12,000 Italian households with clean solar energy.