Canadian Solar bags 367MW Mexico capacity

November 27, 2017
Facebook
Twitter
LinkedIn
Reddit
Email
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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“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.

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.

Read Next

Premium
October 17, 2025
According to Ronak Maheshwari of CRC-IB, there has been a struggle for US renewable power projects to secure necessary equity .
October 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.
October 17, 2025
A group of over 20 US states are suing the Trump administration for the cancellation of the US$7 billion Solar For All Scheme.
October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
October 16, 2025
US utility-scale solar additions grew by 56% in 2024, reaching 30GW from 2023’s 19GW and representing over 54% of all new electricity generation capacity added in the country last year.
October 16, 2025
Jakson Green and Blueleaf Energy have reached financial close for the 840MWp Bikaner solar projects in Rajasthan, western India. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK