Canadian Solar has entered into an agreement with Photon Energy to co-develop five utility-scale solar power projects, with a total capacity of 1.14 GWp in New South Wales, Australia.
Canadian Solar will acquire 51 percent stake in each of Photon Energy’s five project companies in Australia that carry a total of 1.14 GWp of projects.
The projects include 316 MWp project in Gunning owned by Photon Energy, as well as four projects co-developed by Photon Energy with Polpo Investment, namely 178 MWp project in Mumbil, 165 MWp project in Gunnedah, 286 MWp project in Suntop and 196 MWp project in Maryvale.
“This cooperation marks a tangible achievement of the entire team in Australia who have gained the trust of a leading global player in the solar industry such as Canadian Solar,” said Georg Hotar, CEO of Photon Energy.