{"id":1118,"date":"2022-12-13T15:15:27","date_gmt":"2022-12-13T06:15:27","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=1118"},"modified":"2022-12-13T15:15:27","modified_gmt":"2022-12-13T06:15:27","slug":"canadian-solar-signs-256-mw-module-supply-contract-for-the-first-two-largest-solar-projects-with-private-ppas-in-south-africa","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2022\/1118.html","title":{"rendered":"CANADIAN SOLAR SIGNS 256 MW MODULE SUPPLY CONTRACT FOR THE FIRST TWO LARGEST SOLAR PROJECTS WITH PRIVATE PPAS IN SOUTH AFRICA"},"content":{"rendered":"\n

GUELPH, ON, Dec. 5, 2022 \/PRNewswire\/ — Canadian Solar Inc.<\/a> (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that its majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”) signed a 256 MW solar module contract with SOLA Group, a Cape Town-based independent power producer. The 256 MWs will supply the first two largest utility-scale solar power projects in South Africa, which are based on private power purchase agreements (PPAs).<\/p>\n\n\n\n

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The two solar projects are 126 MWp and 130 MWp each in size, located in\u00a0South Africa’s\u00a0North West Province. Both projects are developed and will be operated by\u00a0SOLA Group\u00a0and its partners. Construction started in\u00a0October 2022, and commercial operation is planned for the first quarter of 2024.<\/p>\n\n\n\n

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Canadian Solar\u00a0will deliver a total of 390,073\u00a0BiHiKu7<\/a>\u00a0modules.\u00a0The BiHiKu7 CS7N-MB-AG\u00a0are bifacial modules based on 210mm wafers, and have a power output of up to 670W and an efficiency of up to 21.6%. The BiHiKu7 modules are a perfect fit for utility-scale projects, with great savings on the mounting structure and cable at system level and reduce BoS (Balance of System) and LCOE (Levelized Cost of Energy) costs compared to modules with smaller wafer size. The BiHiKu7 modules are also compatible with most inverters and trackers.<\/p>\n\n\n\n

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These two solar power projects cover an area of approximately 430ha. Once in operation, they are estimated to generate approximately 580 GWh of clean, renewable electricity every year, equivalent to powering 40,000 households and reducing 595 tons CO2 emissions each year.<\/p>\n\n\n\n

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Dom Wills, CEO of\u00a0SOLA Group<\/strong>\u00a0commented, “These are the first solar projects of this scale in\u00a0South Africa\u00a0that are based on private power purchase agreements. It’s also a great plus for the country that these projects are 100% South African owned, financed, constructed, operated and managed. We hope the model of private power through bilateral agreements becomes more widely adopted. The benefits to the end user are competition, choice and ultimately a more diverse contribution to the power system.”<\/p>\n\n\n\n

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Dr.\u00a0Shawn Qu<\/a>, Chairman and CEO of\u00a0Canadian Solar<\/strong>\u00a0commented, “We are pleased to work with\u00a0SOLA Group\u00a0on these two solar power projects. This is a great achievement and an important step in\u00a0South Africa’s\u00a0plan to allow more flexible electricity trading by opening up the grid,”\u00a0Dr. Qu\u00a0continued, “I’m glad our BiHiKu7 modules have been selected for these projects due to its high product quality, reliability and LCOE cost savings. We look forward to contributing further to the growth of renewable energy in\u00a0Africa\u00a0and globally with our high performance\/price ratio products.”<\/p>\n\n\n\n

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The SOLA Group is a vertically integrated independent power producer and a leader in the supply of clean energy solutions to private companies in Africa. SOLA’s mission is to transform Africa through clean energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

GUELPH, ON, Dec. 5, 2022 \/PRNewswire\/ — Canadian Solar Inc. (the “Company&#822 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1118","post","type-post","status-publish","format-standard","hentry","category-releases"],"_links":{"self":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/comments?post=1118"}],"version-history":[{"count":2,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1118\/revisions"}],"predecessor-version":[{"id":1120,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1118\/revisions\/1120"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=1118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=1118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=1118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}