Canadian Solar has completed the sale of two PV plants with a combined capacity of 345MWp in the Australian state of New South Wales.
Both the Suntop and Gunnedah projects have power purchase agreements in place with Amazon, following deals announced in 2020.
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
The installations have been bought by CalEnergy Resources, a subsidiary of conglomerate Berkshire Hathaway that Canadian Solar has also signed a development services deal with. Under the agreement, CalEnergy and Canadian Solar build out the latter’s renewables pipeline in Australia.
“The sale of these projects in New South Wales paves the way for a strong collaboration between our respective companies,” said Shawn Qu, CEO at Canadian Solar, adding that the firm has now brought seven development projects to notice-to-proceed stage in Australia.
Canadian Solar partnered with renewables company Photon Energy back in 2018 to co-develop five solar projects with a capacity of 1,140MW in New South Wales. The pair carried out an exchange of project rights last year.
Canadian Solar also supplied its modules and was EPC contractor on the 275MW Darlington Point PV plant in New South Wales, which was the largest solar project installed in Australia last year, according to renewables association the Clean Energy Council.
The latest asset divestment comes after Canadian Solar said last month it would sell a 70% interest in two solar plants in Brazil with a combined capacity of 738MWp.
