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Canadian Solar awarded solar project in Brazil

Canadian Solar Inc. announced Dec. 21 that it won a bid in Brazil's A-4 energy auction to develop and build a solar project.

The 112-MWp Salgueiro project will sell its output under a 20-year power purchase agreement at approximately $44 per MWh, according to a news release.

Canadian Solar will install more than 310,000 photovoltaic panels, which will generate approximately 255,743 MWh of electricity annually upon reaching commercial operations, expected before January 2021.

"Canadian Solar has participated in all federal [photovoltaic] auctions in Brazil, and we are the only company that has been awarded projects in all of them. We have a strong presence in the Latin America region where we have secured PPAs for over 1 GW of projects," Canadian Solar Chairman and CEO Shawn Qu said.

Construction on Salgueiro is expected to begin in 2020.