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.
Country updates
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June 23, 2020
Energia Sustentável do Brasil launches RFP for energy sale from wind and solar assets
Energia Sustentável do Brasil S.A. (ESBR), a Brazilian special purpose company formed to construct, maintain and operate the Jirau hydroelectric power, has launched a request for proposal...
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June 17, 2020
Angra 3 nuclear plant proposed to completed by EPC company
The National Bank for Economic and Social Development (BNDES) in Brazil has proposed to the Council of Investment Partnerships Program (CPPI) to hire an EPC contractor for remaining works for the...
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June 17, 2020
Elawan to develop 16 MW wind project in Sobradinho
Pedra do Reino V, a unit of Spanish developer Elawan Energy, is planning to develop a 16 MW wind farm in Bahia, Brazil. The Bahian municipality of Sobradinho is expected to receive private investment...
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June 09, 2020
Largest photovoltaic energy project in Brazil approved
Minas Gerais states´ Secretariat for the Environment and Sustainable Development (SEMAD) approved licensing of 1,357 MW solar photovoltaic project in the city of Jaiba in the north of the state....
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June 08, 2020
CGN Brasil Energia secures development permit for Tanque Novo Wind Complex
CGN Brasil Energia (CGNBE), a unit of China General Nuclear Power Corporation, has secured authorization from the Ministry of Mines and Energy (MME) of Brazil for the development of the ...
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