Canadian Solar Wins 185 MW Projects in Brazil
"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," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. "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."
The five projects are targeted to reach commercial operation in mid-2017. The Company will short list potential equity partners for these projects and believes that it can make adequate developer margins should it decide to sell them.