Canadian Solar Subsidiary Recurrent Energy Inks 100 Megawatt Power Purchase Agreement with Peninsula Clean Energy


Solar - Sep 12, 2017

Recurrent Energy and Peninsula Clean Energy ("PCE") today announced a 15-year Power Purchase Agreement ("PPA") for 100 megawatts of new solar power. Recurrent Energy is a wholly-owned subsidiary of Canadian Solar, Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), and PCE is the community choice energy agency serving San Mateo County.

Electricity will be delivered to PCE from Recurrent Energy's Mustang Two solar photovoltaic project in Kings County, in central California. The project is expected to reach commercial operation in 2019. Following commercial operation, the project will begin delivering power to PCE pursuant to the terms of the PPA.


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"With this project, PCE has contracted for over 300 megawatts of clean, renewable energy from new facilities that are being built specifically to serve our customers in San Mateo County," said Jan Pepper, CEO of PCE. "Recurrent Energy is an excellent partner for communities like ours that want access to cost-effective, clean electricity from California."

"We are proud to help PCE meet their customers' growing demand for clean energy," said Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar. "This contract is an important part of growing our future U.S. project development pipeline."

The Mustang Two solar project has a Project Labor Agreement (PLA) with the International Brotherhood of Electrical Workers (IBEW), Ironworkers, Carpenters, Laborers, and Operating Engineers for the construction of the solar project. It is expected to have a peak construction labor force of approximately 400 workers.

Source : Canadian Solar

Published on Global Energy World: Sep 12, 2017

 

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