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Tier 1 PV manufacturer, Canadian Solar, has announced that its subsidiary, Canadian Solar Solutions, has strengthened its relationship with Penn Energy Renewables by signing an additional 10MW turnkey engineering, procurement and construction contract (EPC) and an operations and maintenance agreement (OM).
Canadian Solar, which earlier this year confirmed plans to build an initial two PV power plants for Penn Energy Renewables, said the new agreements cover the construction and operation of a solar power project in Ontario by Canadian Solar for Penn Energy.
The announcement brings the total EPC and OM agreement between Penn Energy Renewables and Canadian Solar Solutions to 28.7MW (AC).
Construction of the newest solar power plant will begin in the fourth quarter of 2012, with the facility expected to be fully operational by the third quarter of 2013. Construction on the previously announced solar power projects, representing 18.7MW (AC), is underway and expected to be fully operational by the summer of 2013.
"Our mission is to provide homes, businesses and schools with solar power that connects directly to existing electrical distribution lines. It is critical to our success that we have a strong EPC partner, which we have found with Canadian Solar," said Sean McCloskey, Penn Energy Renewables.
Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar, added: "Penn Energy has a very forward looking vision for solar power and this utility-scale solar installation is notably the third project of our successful partnership.
"These projects will significantly contribute to the growth of solar powered energy and job creation in the Ontario market, and extend our position as a leading provider of solar energy solutions in Canada."
The latest utility-scale solar power project will power approximately 1,462 homes and is expected to prevent approximately 234,440 metric tons of carbon dioxide emissions over the 20-year period.
In addition, the installation will include approximately 46,000 Canadian Solar CS6P high-performance modules, which have been formally tested and awarded international certifications validating the quality of the Company's products. The solar power plant is expected to create more than 100 new jobs during the development and construction phases of the project.
