{"id":3439,"date":"2017-01-17T08:09:27","date_gmt":"2017-01-17T13:09:27","guid":{"rendered":"http:\/\/stage.recurrentenergy.com\/?p=3439"},"modified":"2021-04-18T15:20:56","modified_gmt":"2021-04-18T19:20:56","slug":"canadian-solar-subsidiary-recurrent-energy-announces-commercial-operation-two-solar-photovoltaic-projects-california","status":"publish","type":"post","link":"https:\/\/recurrentenergy.com\/pt-br\/canadian-solar-subsidiary-recurrent-energy-announces-commercial-operation-two-solar-photovoltaic-projects-california\/","title":{"rendered":"Canadian Solar Subsidiary Recurrent Energy Announces Commercial Operation of Two Solar Photovoltaic Projects in California"},"content":{"rendered":"

GUELPH, Ontario, Canada, January 17, 2017<\/strong>\u00a0\u2013 Canadian Solar Inc. (the \u201cCompany\u201d, or \u201cCanadian Solar\u201d) (NASDAQ: CSIQ), one of the world\u2019s largest solar power companies, today announced that its wholly owned subsidiary Recurrent Energy has reached commercial operation of the adjacent 100 MWac\/131 MWp Astoria and 75 MWac\/100 MWp Astoria 2 solar projects located in Kern County, California.<\/p>\n

\u201cWith the help of our trusted partners, the Astoria projects will power more than 40,000 homes with clean energy,\u201d said Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar. \u201cThese projects, which began operating in late 2016, are part of Recurrent Energy\u2019s milestone 1.2 GW 2016 project portfolio.\u201d<\/p>\n

GE Energy Financial Services, a unit of GE, provided a tax equity investment for both projects. Financing for the Astoria project was announced<\/a> in November 2015. A financing announcement for the Astoria 2 facility followed<\/a> in January 2016. Both projects employ GE\u2019s state-of-the-art solar inverter technology.<\/p>\n

\u201cIt has been a pleasure to work with Recurrent Energy on the Astoria projects and see them through commercial operation. As we continue to invest over $1 billion annually in the U.S. renewable energy market, well-developed assets such as the Astoria projects are critical to our success,\u201d said Kevin Walsh, managing director and head of Renewables at GE Energy Financial Services.<\/p>\n

Pacific Gas and Electric Company will buy electricity and associated renewable energy credits (RECs) generated by the Astoria project under a long-term power purchase agreement (PPA). Electricity and associated RECs from the Astoria 2 project will be purchased by the Southern California Public Power Authority and four of its members (Cities of Azusa, Banning, Colton and Vernon), the Power and Water Resources Pooling Authority, and the Cities of Corona, Lodi, Moreno Valley and Rancho Cucamonga.<\/p>\n

Additional Resources<\/strong><\/p>\n