• For its 126 MW solar project in Mexico, Canadian Solar has secured financial closure
  • It will supply its high efficiency BiHiKu solar modules for the Mexico project
  • State Grid has released the 4th batch of renewable energy subsidy projects selecting over 9 GW of large scale PV and 2.96 GW of distributed energy capacity

Financial closure for 126 MW Mexican solar project: China based vertically integrated module manufacturer Canadian Solar has achieved financial closure for its 126 MW Tastiota Solar Project in Mexico’s Sonora region. It was arranged from Sumitomo Mitsui Banking Corporation (SMBC). Canadian Solar will deploy its high efficiency BiHiKu modules for the 126 MW plant that’s scheduled to come online at the end of 2020. It is part of a 370 MW DC Canadian Solar portfolio in Mexico that back in November 2019, the company divested, selling a 49% stake to Korea Electric Power Corporation (KEPCO) and South Korean fund manager Sprott Korea. Both these entities will acquire the remaining Canadian Solar share in these projects once the capacity is online (see South Korean Entities Buy Stake In Mexican Solar Projects).

4th batch of renewable energy subsidy projects by State Grid: China State Grid has released its list of for the 4th batch of renewable energy generation subsidy projects in 2020 adding up to a total of 1,662 projects with a combined capacity of 13.8 GW. Of these 206 projects, large scale capacity projects represent over 9 GW, while 1,417 distributed generation projects have a total of 2.96 GW. The remaining capacity was selected wind and biomass projects.

The 3rd batch of renewable energy subsidy projects selected by State Grid last month added up to a total of over 12 GW (see China PV News Snippets: Datang, State Grid, Polysilicon).