Canadian Solar Secures Rights To Develop 500 MW In China


Canadian Solar Inc. has obtained the rights to design, install, operate and maintain a 500 MW solar power plant system. Under a letter of intent with the Administration Committee of Baotou National Rare Earth Hi-Tech Industrial Development Zone (CPT) in Baotou, Inner Mongolia, the solar power plant will be located in CPT.

The project is subject to a feasibility study and government approvals and is divided into three phases, Canadian Solar says. The first phase, expected to run from September 2009 to December 2011, calls for the installation of a 100 MW PV system.

The second and third phases each call for the installation of 200 MW PV systems. There are no binding commitments until the feasibility study is completed and approvals are obtained.

SOURCE: Canadian Solar Inc.

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