Canadian Solar wins 364MWp of projects in latest Brazilian auction

Facebook
Twitter
LinkedIn
Reddit
Email
Canadian Solar said it would build three PV power plants in Brazil, totalling 364MWp in Brazil after securing the projects through Brazil’s latest A-4 auction that was held on April 4, 2018.

‘Silicon Module Super League’ (SMSL) member Canadian Solar said it would build three PV power plants in Brazil, totalling 364MWp in Brazil after securing the projects through Brazil’s latest A-4 auction that was held on April 4, 2018.

The SMSL said that projects would be located in the states of Minas Gerais and Ceara and carry 20-year Power Purchase Agreements (PPAs) with an average price of 118.15 BRL/MWh (approximately US$35.58/MWh). 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar said, “Brazil has proven to be an important market for us. Relentless innovations and focuses on driving down cost while improving efficiencies in all aspects have allowed Canadian Solar to deliver a 55.5% reduction in energy prices from the first auction, which accelerated the adoption of solar energy in the country.”

The SMSL has a PV manufacturing plant in Brazil, operated by major OEM firm, Flex.

The company said that it planned to have the projects completed and operating by 2022.

Canadian Solar had previously sold majority stakes in projects planned in Brazil from previous auctions to EDF and supplied modules for the projects that totalled around 326MWp.

Read Next

July 17, 2025
Corporate funding in the solar sector fell by 39% in the first half of 2025 compared with the same period last year.
July 17, 2025
Swedish solar developer OX2 has submitted plans for a 150MW solar-plus-storage project in Queensland to Australia’s EPBC Act.
July 17, 2025
Pilecom, a mechanical installer of utility-scale solar projects, has officially started work on European Energy’s 106MW Lancaster solar PV power plant in Victoria, Australia.
July 16, 2025
Supply-demand imbalances and inventory pressures have driven down prices and negatively impacted the operational performance of several listed Chinese PV companies that released their 2025 interim forecasts this week.
July 16, 2025
Planning uncertainty and policy instability regarding renewables in Queensland have seen it slip in investment attractiveness, with New South Wales now leading Australia.
July 16, 2025
The New South Wales government has announced AU$26.2 million in funding for several Australian solar PV and battery initiatives.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK