Canada-based photovoltaic (PV) solar systems manufacturer Canadian Solar has signed a new power purchase agreement (PPA) with state-owned electric utility company Federal Electricity Commission (CFE) for a 63MWp solar power plant in Aguascalientes, Mexico.

Awarded in April this year under Mexico's First long-term electricity auction, the new project is expected to be in operation  by September 2018.

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Canadian Solar's chairman and chief executive officer Dr Shawn Qu said: “We are pleased to sign the PPA for this solarpower project awarded to us earlier this year.

"The project was awarded in April under Mexico's First long-term electricity auction."

“We will continue to leverage our global project development and execution capability to continue to expand our global late-stage solar project pipeline to meet the growing demand of clean solar energy in Mexico and around the world.”

The acquisition will be made under the PPA for a period of 15 years and related clean energy certificates for a period of 20 years.

Founded in 2001, Canadian Solar has supplied more than 15GW of solar modules to over 90 countries across the world.

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Image: Canadian Solar sign PPA with CFE for 63MWp solar power plant in Aguascalientes, Mexico. Photo: courtesy of franky242 / Freedigitalphotos.