Canadian Solar has been awarded five solar photovoltaic (PV) projects in Minas Gerais, Brazil, which will have a total installed capacity of around 185MW.


The company will be responsible for the development and construction of the solar power plants. It will short list potential equity partners for these projects.

The projects are expected to become operational in mid-2017.

A Brazilian government entity will purchase the clean electricity generated from the five solar plants at a rate of $84/MWh, under a 20-year power purchase agreement.

Canadian Solar chairman and CEO Dr. Shawn Qu said: "This win in Brazil demonstrates the strength of our global project development capabilities, and positions us well to become a solar energy leader in this important emerging market.

"Brazil has significant solar resources and a large energy market, which provides us with an opportunity to stablish our brand, take market share and deliver good results for our shareholders."

Last year, Canadian Solar secured three solar PV projects, totaling 114MW, in Brazil.

The company previously announced that it will partner with Brazil-based Solatio to develop, construct and own the solar power plants in the state of Minas Gerais.

Brazil is aimed at generating 3.5GW of solar power by 2023, by increasing its entire share to 1.8% from less than 1% now.

So far, Canadian Solar deployed over 10GW of quality modules in over 70 countries across the world.

Image: The solar projects are expected to become operational in mid-2017. Photo: courtesy of franky242 /