Thursday 16 October 2014

Canadian Solar signs 146.4 MW module deal in Honduras

Canadian Solar has signed a deal to supply PV modules to two utility-scale projects totaling 146.4 MWp in Honduras.

The two projects -- project developer/EPC Solar Power S.A. de C.V. (SOPOSA) and Companía Hondurena de Energia Solar S.A. de C.V. (COHESSA) -- will be constructed in southern Honduras between December and March.

Each project has a capacity of 73.2 MWp, bringing the total to 146.4 MWp -- enough to supply the energy needs of 45,000 homes in the Central American country.

Honduras recently reached 74 MW of solar PV inverter under construction, giving it a leading position in Central America. PV development in Central America is growing rapidly. The region is set to install 1.5 GW of PV capacity through 2018, according to a recent report by market research group IHS Technology.

Canadian Solar began expanding into South America last year with a new sales and business development office in Sao Paulo, Brazil. It recently supplied 4 MW of modules for NRG Energy's Spanish Town Estate Solar project in St. Croix, U.S. Virgin Islands. The Ontario-based company has also been increasingly active in Japan.

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