{"id":201,"date":"2019-03-14T16:10:27","date_gmt":"2019-03-14T07:10:27","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=201"},"modified":"2019-05-09T16:11:33","modified_gmt":"2019-05-09T07:11:33","slug":"canadian-solar-won-94-mwp-of-subsidy-free-electricity-contracts-in-albertas-public-power-auction","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2019\/201.html","title":{"rendered":"CANADIAN SOLAR WON 94 MWP OF SUBSIDY-FREE ELECTRICITY CONTRACTS IN ALBERTA’S PUBLIC POWER AUCTION"},"content":{"rendered":"

Canadian Solar Inc.<\/a>\u00a0(the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has won three solar power contracts with\u00a0Alberta’sMinistry of Infrastructure, for a total of 94 megawatts (MWp) of solar power system in southeast\u00a0Alberta, with an average contracted PPA price of\u00a048.05 Canadian dollars\u00a0per megawatt-hour (MWh).<\/p>\n

When in operation, these solar plants will provide 55 percent of the electricity needs for\u00a0Alberta\u00a0provincial government. This is likely the largest public sector solar energy procurement contract in\u00a0Canada\u00a0in 2019.<\/p>\n

“We see great potential in the\u00a0Alberta\u00a0solar market, and we’re pleased to supply subsidy-free solar power to meet\u00a0Alberta’sclean energy needs. We hope these 94 MWp solar project contracts serve as a catalyst for\u00a0solar\u00a0industry growth in\u00a0Canada, specifically in\u00a0Alberta,”\u00a0<\/span>said\u00a0Shawn Qu, chairman and chief executive officer of\u00a0Canadian Solar. “We are delighted to partner with Conklin M\u00e9tis Local 193, the indigenous community, who owns a 50-percent equity stake in the\u00a0Hays,\u00a0Jenner\u00a0and\u00a0Tilleysolar projects.”<\/p>\n

In the fall of 2018,\u00a0Canadian Solar\u00a0entered into a 50-percent equity partnership with Conklin M\u00e9tis Local 193 on the three projects. The Conklin M\u00e9tis are an indigenous community based in the rural hamlet of\u00a0Conklin, part of the Athabasca Oil Sands region in eastern\u00a0Alberta.<\/p>\n

“We are extremely excited about our partnership with\u00a0Canadian Solar, a global leader in solar energy. As a M\u00e9tis community, we highly value the opportunity to invest in renewable energy projects within\u00a0Canada,” said\u00a0Shirley Tremblay, president of the Conklin M\u00e9tis Local 193. “This partnership will help us diversify our investment portfolio, and its financial benefits will support key social and economic initiatives within our community. We applaud the Government of\u00a0Alberta\u00a0and\u00a0Canadian Solar\u00a0for their progressive mentality and look forward to a long-lasting, prosperous relationship.”<\/p>\n

The three projects in the contracts are the\u00a0Jenner,\u00a0Tilley, and\u00a0Hays\u00a0solar projects. Once completed in early 2021, these solar plants are expected to generate enough power for more than 20,000 homes. During the construction of the three solar projects, an estimated\u00a0270 jobs\u00a0<\/span>will be created in\u00a0Alberta.<\/p>\n

All three projects are expected to use bifacial solar panels, which generate up to 20 percent more energy than standard solar modules due to their ability to produce electricity from both their front and back sides. These modules are particularly well-suited to snowy climates like\u00a0Alberta\u00a0in the winter, as snow will increase reflection of sunlight.<\/p>\n

SOURCE\u00a0Canadian Solar Inc.<\/p>\n

http:\/\/investors.canadiansolar.com\/news-releases\/news-release-details\/canadian-solar-won-94-mwp-subsidy-free-electricity-contracts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Canadian Solar Inc.\u00a0(the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the wo […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-201","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\/201","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/comments?post=201"}],"version-history":[{"count":9,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/201\/revisions"}],"predecessor-version":[{"id":262,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/201\/revisions\/262"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}