Canadian Solar Inc. announced on December 22, 2017 that Artes won the bid for the 112 MW solar photovoltaic project at the just-concluded A-4 energy auction in Pernambuco, Brazil.
The power station will start construction in 2020 and is expected to be put into commercial operation before January 2021. The annual generating capacity of this power station is expected to reach 255 million kWh and it will reduce the emission of about 118,000 tons of carbon dioxide and will ease the local electricity shortage and reduce energy consumption Row played a significant effect.
Artes' winning bid at this auction has already signed a 20-year power purchase agreement (PPA) at 145.44 BRL (about 44 USD) per megawatt hour.
Artes Sunshine Power Group Chairman, President and CEO Dr. Qu Xiaohua said: 'I am pleased Artes can successfully bid on the Brazilian market again! In the PV market in Brazil and Central and South America, Artest has been established Good brand recognition and superb project financing capability, Artes is the only company that has won the bidding for every PV project bidding held by the Brazilian federal government for the most time, and we are manufacturing components in Brazil not only to ensure that Our strong product delivery capabilities in a timely manner, but also forging a skilled and experienced components and power plant construction and operation team, to better serve local customers. At present, Artes in Latin America has signed the purchase of electricity The total number of PPA projects has exceeded 1 GW and in the future we will continue to work hard to develop and build more high quality PV plants in Brazil, Chile, Argentina and Mexico.