Canadian Solar Inc.<\/b>\u00a0(the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it successfully completed construction and started commercial operation of a 6 MWp solar photovoltaic (PV) power project in Keetmanshoop,\u00a0Namibia.<\/p>\n
The project reached commercial operation on\u00a0November 27, 2017. Powered by 18,480\u00a0Canadian Solar’sCS6U<\/a>\u00a0modules, the plant is expected to generate approximately 14.6 GWh of clean, reliable solar electricity each year, which will be purchased by\u00a0Namibia Power Corporation (Proprietary) Ltd.\u00a0under a 25-year\u00a0Renewable Energy\u00a0feed-in-tariff (REFIT) contract at the rate of NAD1.37\u00a0($0.10)\u00a0per kWh.<\/p>\n “We are delighted to have energized our first solar power project in\u00a0Africa, a milestone we have achieved in that market,” commented Dr.\u00a0Shawn Qu, Chairman and Chief Executive Officer of\u00a0Canadian Solar, “Africa\u00a0is part of our global target markets and we will continue to build solar projects there to deliver more clean, safe and affordable solar energy to the continent.”<\/p>\n