Canadian Solar has secured $80m in funding from Banco do Nordeste (the Brazilian Electric Power Commercialisation Chamber) for its 114 MW solar project in Salguerio, Brazil. The plant is part of the company’s broader 478 MW solar portfolio in Brazil, awarded over the course of two A-4 energy auctions in 2017 and 2018. Salguerio is expected see construction begin later this year, with commercial operation earmarked for 2020. the Brazilian Electric Power Commercialisation Chamber is also backing Canadian Solar’s 115 MW Pirapora 2 project, following a $99m funding deal signed in 2018.
Canadian Solar has secured $80m in funding from Banco do Nordeste (BNB) for its 114 MW solar project in Salguerio, Brazil. The plant is part of the company’s broader 478 MW solar portfolio in Brazil, awarded over the course of two A-4 energy auctions in 2017 and 2018. Salguerio is expected see construction begin later this year, with commercial operation earmarked for 2020. BNB is also backing Canadian Solar’s 115 MW Pirapora 2 project, following a $99m funding deal signed in 2018.