Canadian Solar Completes 17.7 MWp Solar Project In Italy

 | Mar 23, 2020 09:42PM ET

Canadian Solar Inc. (NASDAQ:CSIQ) recently announced the completion of a 17.7-megawatt peak (MWp) subsidy-free solar portfolio sale in Italy to Sonnedix. These solar plants are expected to produce approximately 34 gigawatt hours (GWh) of clean energy per annum. Canadian Solar expects to recognize revenues from the sale during the first quarter of 2020.
A Brief Insight Into the Sale
The recent solar portfolio sale includes five solar photovoltaic (PV) plants, operational since February 2020, jointly developed by Canadian Solar and Manni Energy. The energy produced is sold to TrailStone Renewables GmbH through a recently signed 10-year power purchase agreement (PPA), resulting in one of the longest PPAs for subsidy-free solar portfolios in Italy, to date.
Canadian Solar & Italian Solar Market
Given the size of Italy's economy and abundant solar resources, the nation is expected to be one of the fastest-growing markets in Europe for solar energy. Recently, Canadian Solar secured a Original post
Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes