CANADIAN SOLAR SUBSIDIARY RECURRENT ENERGY ANNOUNCES COMMERCIAL OPERATION OF 100 MEGAWATT MUSTANG SOLAR POWER PROJECT

Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its wholly owned subsidiary Recurrent Energy has reached commercial operation of the 100 MWac/134 MWp Mustang solar power project in Kings County, California.

"The commercial operation of the Mustang solar project continues a historic year that will see Recurrent Energy complete more than one gigawatt of U.S. solar photovoltaic (PV) projects," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.

In 2015, Recurrent Energy secured a tax equity investment commitment for the Mustang project from U.S. Bancorp Community Development Corporation (USBCDC).

"High-quality solar projects like Mustang are an important strategic investment for U.S. Bank, which provide jobs to local communities, while delivering clean, reliable energy to the state of California," said Adam Altenhofen, Vice President of USBCDC.  

The renewable energy generated by the Mustang project will be sold under long-term power purchase agreements to Sonoma Clean Power and MCE. The project is expected to produce enough electricity to power approximately 45,000 homes.

Construction of the 1,000 acre project created 450 peak construction jobs. Blattner Energy served as the provider of Engineering, Procurement, and Construction services.

Additional Resources:

  • VIDEO – Mustang solar project overview: vimeo.com/recurrentenergy/remustang
  • Mustang solar power project web page: recurrentenergy.com/mega-project/mustang/
Source: Canadian Solar Inc.