Canadian Solar bags 367MW Mexico capacity

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A Canadian Solar project in Ontario, Canada. The company has a global project pipeline including Japan, Brazil and the Philippines.

Canadian Solar has been awarded contracts for projects in Mexico totalling 367MW of capacity.

The projects, awarded via the country’s auction process, are located in Aguascalientes, Hermosillo and Obregón. The company will build and operate all three. It has agreed a 15-year power purchase agreement (PPA) with the utility company CFE. A separate 20-year agreement for the clean energy credits generated by the projects has also been signed with CFE. The certificates have an average price of US$21/MWh.

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“We are delighted to win an additional 367MW of solar projects in Mexico, which expands our late-stage solar project pipeline in the country to 435 MW,” said Dr. Shawn Qu, chairman and CEO, Canadian Solar. “We will continue to develop and deliver more quality solar projects in Mexico, while contributing to the government's goal of increasing electricity generated from clean energy sources to 35% by 2024 and 50% by 2050.”

As of 30 September 2017, the company had an operational solar project portfolio of 1,419.5MW.

It established a separate publicly-listed infrastructure fund to own its projects in Japan. The company was known to be considering a yieldco for some time but appears to have adjusted its strategy.

It’s manufacturing business is expected to increase its module production capacity to 10GW in 2018.

2 September 2025
Mexico City, Mexico
Intersolar Mexico is the leading platform for technology trends and B2B networking in Mexico's solar market. It focuses on photovoltaics, solar heating and cooling technologies, and energy storage. Together with the co-located events The GREEN Expo® and Aquatech Mexico, it has solidified its position as the largest gathering of professionals in the renewable energy and cleantech industry in Mexico since the debut in 2019. In 2024, the events hosted more than 400 exhibitors as well as 10,000 visitors and 12,000 industry professionals (total attendance). The sixth edition of Intersolar Mexico will take place from September 2 to 4, 2025 at the Citibanamex Center, in Mexico City.
25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

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