Canadian Solar’s\u00a0high-efficiency modules<\/a><\/span>. Once the projects are commissioned, they will have an overall capacity of 12 MWp with an estimated annual production of approximately 22 GWh. The electricity produced can power approximately 8,460 households, equivalent to displacing 6,860 mt of CO2-equivalent emissions or taking 5,300 cars off the road.<\/p>\n <\/p>\n
“We\u00a0are pleased to sign this PPA with\u00a0Axpo Italia\u00a0as we execute on the first of many more collaboration opportunities in\u00a0Italy,” said\u00a0Dr.\u00a0Shawn Qu, Chairman and CEO of\u00a0Canadian Solar. “The growth of renewable energy sources in\u00a0Italy\u00a0is critical to achieving the country’s clean energy transition objectives. We are honored to work with Axpo with whom we share the same vision on the energy transition, and work together to meet renewable energy goals by utilizing our solar technology and development expertise.\u00a0Italy\u00a0is also one of\u00a0Canadian Solar’s\u00a0key markets in the\u00a0Europe,\u00a0Middle East\u00a0and\u00a0Africa, or EMEA region, as we execute on a solar pipeline in excess of 1.3 GWp in the country.”<\/p>\n
<\/p>\n
This PPA is one of the first private PPAs signed in the Italian market. It is also part of a broader framework agreement signed between\u00a0Canadian Solar\u00a0and\u00a0Axpo Italia\u00a0in\u00a0November 2020\u00a0for the execution of up to 300 MWp of similar PPAs in the country.<\/p>\n
<\/p>\n
“Over the past years, renewable energy sources have often been associated with the concept of state incentives, which is no longer the case today,”\u00a0commented\u00a0Simone Demarchi, CEO at\u00a0Axpo Italia.<\/span>\u00a0“Agreements such as long-term PPAs finally allow the market and all the actors involved to definitively exit the incentive logic, making the plants financially sustainable, programmable from the development point of view and advantageous for all the stakeholders involved. The hope is that this trend, which is already well established in\u00a0Europe, will soon achieve stability in\u00a0Italy\u00a0as well. Today we find in\u00a0Canadian Solar\u00a0a new partner able to understand and appreciate the potential and advantages of this tool.”<\/p>\n <\/p>\n
About Axpo Italia<\/h4>\n
For over 100 years, the\u00a0Axpo Group\u00a0has been producing and supplying energy with the expertise of a leader in energy trading to over 3 million people and thousands of companies. \u00a0Founded in\u00a0Switzerland\u00a0in 1914, Axpo is now present in over 30 countries in\u00a0Europe,\u00a0the United States\u00a0and\u00a0Asia\u00a0and employs 5,000 people who combine expertise in sustainable electricity generation and the ability to innovate through research. Sustainability and reliability are Axpo’s founding values for the development of innovative solutions and services along the entire energy supply chain, from production to supply for the end customer.\u00a0Axpo Italia, part of the\u00a0Axpo Group, was founded in 2000 during the transition to the free market and is today one of the major players with a presence along the entire energy chain, third in\u00a0Italy\u00a0in the free market.\u00a0Axpo Italia\u00a0brings the international experience of the Axpo group into the local market, creating value for the entire Italian energy supply chain and is convinced of the fundamental role played by the supply of energy in determining the competitiveness of a company. Axpo has been involved for years in the development of green solutions tailored to companies that decide to reduce their impact on the environment and in the evolution of city electric mobility. Through climate-friendly electricity production and the provision of innovative services such as PPAs (Power Purchase Agreements), Axpo plays a key role in achieving the\u00a0Sustainable Development Goals\u00a0(SDGs).\u00a0Axpo Italia\u00a0has its headquarters in\u00a0Genoa, and commercial and representative offices in\u00a0Milan\u00a0and\u00a0Rome.<\/p>\n","protected":false},"excerpt":{"rendered":"
GUELPH, ON,\u00a0May 24, 2021\u00a0\/PRNewswire\/ —\u00a0Canadian Solar Inc.\u00a0(“Canadian Solar” or the “ […]<\/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-754","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\/754","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=754"}],"version-history":[{"count":1,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/754\/revisions"}],"predecessor-version":[{"id":755,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/754\/revisions\/755"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}