Atlas Renewable Energy | October 26, 2020
Atlas Renewable Energy, a leading renewable energy company in Latin America, announced today that it has obtained a USD 67 million loan from IDB Invest, member of IDB Group, and from DNB Bank ASA (Norway) to finance the construction of Jacaranda, a 187MWp solar project being developed by Atlas Renewable Energy in Brazil, marking the first time that a Brazilian solar project has been fully financed in US dollars. The loan was secured from IDB Invest, including the Clean Technology Fund and the Canadian Climate Fund for the Private Sector in the Americas - Phase II, both administered by IDB Invest which provided a portion of the loan, together with a participation from DNB Bank ASA. This loan will finance the construction of the Jacaranda solar project, located in the municipality of Juazeiro, State of Bahia. The plant will generate 440GWh per year, which is enough to supply power to a city of over 750,000 inhabitants and avoid approximately 35,000 metric tons of CO2 emissions per year based on the GHG (Green House Gases) Protocol, and is also the equivalent of removing 36,800 vehicles from the streets of São Paulo in the same period of time.
Canadian Solar | November 26, 2021
Canadian Solar Inc. announced that its subsidiary CSI Solar signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co., Ltd., a global leader of new energy innovative technologies.
According to the agreement, CSI Solar and CATL will establish a strategic partnership to cooperate holistically in the areas of battery storage system solutions, supply of lithium-ion battery modules, operation and maintenance services of battery storage projects, and innovative renewable energy technology.
Tan Libin, CATL's Vice President, commented, "Global demand for battery storage is increasing dramatically under the backdrop of reaching net-zero emission goals. Our competitive advantage is on delivering highly innovative, efficient, competitive, and safe batteries across various applications, while Canadian Solar is an early mover and one of the key players in the global battery energy storage business. Our partnership with Canadian Solar is a perfect match and allows us to build on both our strengths."
We are delighted to partner with CATL to support the rapid growth of our battery storage businesses. The partnership leverages CATL's innovative battery storage technology and our global reach and experience to provide best-in-class battery storage solutions to our customers. We now have a global battery storage pipeline of 21 GWh, including 2.9 GWh under construction. Our common goal is to use solar and battery storage technology to support a cleaner, smarter and more reliable global grid, and do our part in contributing to the acceleration of the clean energy transition."
Dr. Shawn Qu, Chairman and CEO, Canadian Solar
Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750. According to SNE Research, in the year 2020, CATL's EV battery consumption volume ranked No.1 in the world for four consecutive years. CATL also enjoys wide recognition by global OEM partners. To achieve the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy, and promote the integrated innovation of market applications with electrification and intelligentization, CATL maintains continuous innovation in four dimensions including battery chemistry system, structure system, manufacturing system and business models.
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 20 years, Canadian Solar has successfully delivered over 63 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 6.2 GWp in over 20 countries across the world. Currently, the Company has around 430 MWp of solar projects in operation, nearly 7 GWp of projects under construction or in backlog (late-stage), and an additional 17 GWp of projects in pipeline (mid- to early- stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006.
Greenbacker | December 22, 2020
Greenbacker Renewable Energy Company LLC ("GREC") declared today that, through an entirely claimed auxiliary, it bought a 80 MWac/104 MWdc pre-operational sun based venture from rPlus Energies LLC ("rPlus").
The venture, Graphite Solar I LLC, is situated in Carbon County, Utah and has a drawn out Power Purchase Agreement ("PPA") set up with the utility PacifiCorp for Facebook. The agreement was created under Rocky Mountain Power's Schedule 34 environmentally friendly power energy tax, which permits huge clients to buy sustainable power produced for their sake. The venture underpins Facebook's objective of 100% environmentally friendly power for its activities and is relied upon to arrive at business tasks ("COD") in Q4 2021.
"Graphite Solar, presently our biggest sun powered obtaining to date, is characteristic of developing scale inside our portfolio." said Charles Wheeler, CEO of Greenbacker. "Enormous undertakings like Graphite will progressively be important to meet the power needs of the innovation economy and give carbon nonpartisan options in contrast to conventional force sources. We were satisfied to work with rPlus Energies, who end up being an important accomplice during this exchange and will keep supporting the undertaking through development."
"We anticipate working with Greenbacker to help PacifiCorp and Facebook tap the astounding sun oriented limit accessible in Utah," said Luigi Resta, CEO, rPlus Energies. "Furthermore, we anticipate proceeding to work with the Carbon County people group through task development, with an attention on invigorating the economy and nearby employing. With the drawn out objective to help modify America's maturing energy foundation, the offer of this task will permit rPlus to keep on progressing sustainable power ventures in networks across the United States."
With the procurement of Graphite Solar I, Greenbacker will possess around 915.4 MW of creating limit (counting resources that are to be built), including 641.7 MW of utility-scale and disseminated sun based offices, 242.6 MW of wind offices, 19.1 MW of battery stockpiling, and 12.0MW of biomass offices.