EDF will take an 80% interest in the Pirapora III PV project, currently under construction in the Brazilian state of Minas Gerais. The project received a 20-year PPA in Brazil’s 2014 Reserve Energy Auction, and is expected to reach commercial operation in the fourth quarter of 2017.
Modules for the 92.5 MW project are being supplied by Canadian Solar from its factory in Brazil, EDF will now manage both the construction and operations of the project. EDF and Canadian Solar have carried out two similar deals in recent months, with the former taking an 80% share in the 191.5 MW Pirapora I project, and in the 115 MW Pirapora II project.
“This acquisition constitutes further evidence of our growth ambitions in Brazil, a key renewable energy market,” says Antoine Cahuzac, EDF Energies Nouvelles CEO. “It represents a new step toward the EDF group’s goal of doubling its renewable capacity worldwide by 2030.”
Shawn Qu, CEO and President at Canadian Solar echoed Cahuzac’s pride in the partnership: “We are proud to be working with EDF on a third project in Brazil. We look forward to continuing our successful collaboration on other opportunities in the future, as we expand our solar project pipeline globally.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.