{"id":780,"date":"2021-07-21T13:00:36","date_gmt":"2021-07-21T04:00:36","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=780"},"modified":"2021-07-19T17:58:18","modified_gmt":"2021-07-19T08:58:18","slug":"canadian-solar-signs-12-mwp-private-ppa-with-centrica-energy-trading-in-italy","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2021\/780.html","title":{"rendered":"CANADIAN SOLAR SIGNS 12 MWP PRIVATE PPA WITH CENTRICA ENERGY TRADING IN ITALY"},"content":{"rendered":"

GUELPH, ON<\/span>,\u00a0July 14, 2021<\/span>\u00a0\/PRNewswire\/ —\u00a0Canadian Solar Inc<\/span><\/a>.<\/span> (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ),\u00a0today announced it has signed a 10-year power purchase agreement (PPA) with\u00a0Centrica Energy Trading A\/S (“Centrica Energy Trading”) for two solar power projects totaling 12 MWp in\u00a0Italy. Centrica Energy Trading is a leading provider of energy management and optimization services, operating in power, gas and energy certificate markets across\u00a0Europe.<\/p>\n

 <\/p>\n

The two solar projects of 6 MWp each are located in\u00a0Trapani\u00a0and Enna,\u00a0Sicily. They are currently under development by\u00a0Canadian Solar\u00a0with construction planned to start before the end of 2021. Centrica Energy Trading will purchase the clean solar energy produced by the two solar power projects after they reach commercial operation in\u00a0April 2022. Powered by\u00a0Canadian Solar’s\u00a0high efficiency modules<\/a>,<\/span><\/span> the solar plants will produce approximately 23 GWh electricity annually, enough to power close to 9,000 homes in\u00a0Italy\u00a0and equivalent to displacing 7,150 tons of annual carbon emissions.<\/p>\n

 <\/p>\n

Dr.\u00a0Shawn Qu, Chairman and CEO of\u00a0Canadian Solar\u00a0commented, “I am proud to announce our second 12 MWp PPA in\u00a0Italy\u00a0in less than 2 months. The two solar projects signed with Centrica are part of a 1.3 GWp portfolio of subsidy-free solar assets we are developing in\u00a0Italy, with various counterparties, as we execute on our portfolio management strategy and expand our presence in this market. We are proud to work on this opportunity with Centrica, one of the leading energy traders in\u00a0Europe, and look forward to collaborating further.”<\/p>\n

 <\/p>\n

Ricardo Rossi, Head of Southern European Origination at\u00a0Centrica Energy Marketing & Trading<\/a>\u00a0<\/span>commented, “We are delighted to be part of the energy transition journey with\u00a0Canadian Solar. We believe that through robust, economic PPA structures, we can make new renewable assets financially viable without the need of public subsidies.”<\/p>\n

 <\/p>\n

About Centrica Energy Trading<\/h4>\n

Centrica is a leading international energy services and solutions provider, founded on a 200-year heritage of serving people. We serve around 13 million customers across the\u00a0UK,\u00a0Ireland,\u00a0North America\u00a0and continental\u00a0Europe\u00a0through brands such as\u00a0British Gas. We are focused on satisfying the changing needs of our customers, enabling them to transition to a\u00a0<\/span>lower carbon future<\/span><\/a>.<\/p>\n

Energy Marketing and Trading<\/a><\/span>\u00a0is the trading and optimisation arm of Centrica\u00a0plc. We are a leading provider of energy management and optimisation services to businesses, in addition to managing commodity risk and providing wholesale market access for the\u00a0Centrica Group. We have 14GW of capacity under contract in\u00a0Europe, more than 80% of which is renewable assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

GUELPH, ON,\u00a0July 14, 2021\u00a0\/PRNewswire\/ —\u00a0Canadian Solar Inc. (the “Company” or “Canadi […]<\/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-780","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\/780","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=780"}],"version-history":[{"count":1,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/780\/revisions"}],"predecessor-version":[{"id":781,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/780\/revisions\/781"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}