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More than 4,000 ComEd customers are now receiving compensation for the excess energy they generate using renewable energy sources – primarily rooftop solar panels – up from 900 customers two years ago as the transition to a cleaner future in Illinois gains momentum.

Canadian Solar Inc., one of the world's largest solar power companies, today announced it has been awarded a 51.1 MWp solar photovoltaic project in the Sixth Brazilian Federal Energy Auction held on June 28, 2019.

Canadian Solar will develop and build the project located in the State of Minas Gerais. Construction of the solar project will start in early 2021 and it is expected to reach commercial operation before January 2023.

This Brazilian Solar power project will use Canadian Solar's latest high efficiency bifacial poly modules, capable of generating power from both sides of a module, and thus significantly boost the power output from a solar power system. Approximately 130,000 Canadian Solar high efficiency BiHiKu modules will be installed, and each module output will exceed 400 W. Once in operation, the solar power plant will generate approximately 107,748 MWh of electricity annually. 50% of the electricity generated will be purchased by two utilities under the two awarded 20-year power purchase agreements, with an average contracted price of 73.60 BRL/MWh, or approximately US$19.37/MWh, and the other 50% will be purchased under a long-term private PPA.

Dr. Shawn Qu, Chairman of Canadian Solar commented, "We are proud to be the only company that has been successful in winning projects in all six federal energy auctions held to date in Brazil. It shows our long-term commitment to solar in Brazil and to initiate the investment in mix-models with revenues coming from both regulated and free markets."

The global leading inverter solution supplier for renewables, announced recently that the Company’s performance in India has reached 4 GW, establishing it as a major contributor to the decarbonization of fast-growing Indian economy.

Stand with the renewable trend

India is undoubtedly one of the dynamic solar hubs in the world on account of ample sunshine, the magnitude of demand of power as well as the incentive policy - the Indian government has pitched for 100 GW PV installations by 2022 and called to build climate resilient communities across the sub-continent.

Sungrow is taking the lead in supporting the Indian energy transition and is witnessing a standout performance with optimal products and established service networks. In particular, the Company ranked No.1 in utility-scale applications in 2018, sourced by Bridge to India, an authoritative research institute.

 

Pioneering the road not taken

The Indian solar market offers huge untapped potential while with that comes an array of challenges. Sungrow provides the industry’s most proven and reliable product line-up in response to a huge geographic spread and tough climatic conditions.

With current offices sited in four different cities, Sungrow can take on-the-ground commitment to meet diversified criteria. The Company also received an award of Best Service Network Solar Inverter Company in India.

Furthermore, the newly-established manufacturing base in Bangalore with an annual capacity of 3 GW eminently enhances the delivery capability while stimulating job creation at large in the global tech-city.

“We’re evolving and innovating as we move forward,” said Mr. Hu Yukun, Country Manager of Sungrow India. “An updated product portfolio will be unveiled at REI (Renewable Energy India) 2019, which we expect to create a significant buzz in the industry,” he added.

 

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