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Canadian Solar (CSIQ) Inks 63-MWp PPA in Mexico

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Canadian Solar Signs PPA for 63MWp Solar Power Project in Mexico

August 8, 2016 7:00 AM EDT

GUELPH, Ontario, Aug. 8, 2016 /PRNewswire/ --Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has signed a Power Purchase Agreement ("PPA") for the 63MWp solar power plant in Aguascalientes, Mexico with the Federal Electricity Commission (Comision Federal de Electricidad, "CFE").  This project was awarded in April 2016 under the Mexico's First Long Term Electricity Auction and it is expected to generate electricity by September 2018.  All the electricity generated will be sold to the CFE under the PPA for a... More