Guelph-based company wins contract to build and finance solar plant in Mexico

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Ontario Construction News staff writer

A Guelph-based company has signed a 15-year contract for a 103 Mega-Watt peak (MWp) solar power project in Mexico.

Canadian Solar, one of the world’s largest solar power companies, has announced it has signed a power purchase agreement (PPA) with Techgen, S.A. de C.V.  to finance and build the solar power project located in Ojocaliente Municipality, Zacatecas State, Mexico. The plant will use Canadian Solar high efficiency modules and is expected to start operations in 2021.

The execution of this contract is said to be a landmark for Canadian Solar in strengthening its leadership position in Latin America to offer clean energy solutions. It is also a step forward for Techgen and its affiliates in their continuous efforts to improve their business systems towards a more sustainable future.

Techgen owns and operates a combined cycle power plant that supplies energy to Tenaris’ and Ternium’s manufacturing plants in Mexico. It is a leading global manufacturer and supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.

“We are honoured to supply competitive and clean energy to one of the main steel manufacturing corporations in Latin America. Signing this PPA demonstrates Canadian Solar’s ability to meet the commercial and environmental needs of corporate customers, strengthening our track record in Mexico where we have already been awarded with four projects totalling 438 MWp in the Long-Term Auctions,” said Dr. Shawn Qu, Chairman and Chief Executive Officer at Canadian Solar.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale power projects in various stages of development.

Over the past 19 years, Canadian Solar has successfully delivered over 38 GW of premium quality modules to customers in over 150 countries around the world.

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