Canadian Solar Inc. has signed two private power purchase agreements (PPA) with Braskem S.A. and COPEL Energia for a total of 274 MWp in solar power projects in Brazil.
Braskem S.A. is the largest producer of thermoplastic resins in the Americas and the largest producer of polypropylene in the United States. The company will purchase solar energy through a 20-year PPA with Canadian Solar, as it strives to reach its sustainability goals.
For this PPA, Canadian Solar will develop and build a 152 MWp project in the State of Minas Gerais. Construction will start in 2021 and expected to reach commercial operation before the end of 2022.
COPEL Energia is part of COPEL Group, one of the top 10 energy trading companies in Brazil and the largest utility in the State of Paraná. For the 15-year PPA with Copel, Canadian Solar will build a 122 MWp project in the State of Pernambuco in 2021.
Both projects will use Canadian Solar's high efficiency bifacial BiHiKu modules. Once in operation, the combined projects are expected to generate approximately 610 GWh of clean energy annually, equivalent to the annual electricity consumption of approximately 250,000 households.
