EDF Unit Nets Ownership Interest In Pirapora Solar Project

Posted by Michael Bates on June 19, 2017 No Comments
Categories : Projects & Contracts

EDF EN do Brasil, a subsidiary of EDF Energies Nouvelles, has acquired an 80% ownership interest in Canadian Solar Inc.‘s Pirapora II solar energy project in Brazil.

The 115 MW project will start construction in fall 2017 and is expected to reach commercial operation in 2018. Canadian Solar will supply the modules for the project from its 380 MW factory established in Brazil to support the local market.

Pirapora II, located in the state of Minas Gerais, was awarded a 20-year power purchase agreement in Brazil’s first reserve energy auction. Once completed, the project will generate 231,992 MWh per year and contribute toward the country’s goal of obtaining 23% of its energy from non-hydro renewable sources by 2030.

In October 2016, EDF EN do Brasil acquired 80% of Canadian Solar’s 191.5 MW Pirapora I project, also located in Minas Gerais. The two projects are adjacent to each other and, at a combined 306.5 MW, constitute one of the largest solar energy projects in Latin America.

photo by: Rubem Jr

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