Canadian Solar’s subsidiary Recurrent Energy has secured approval from the Mississippi Public Service Commission for the construction of the 100MW Sunflower solar power plant in the state.
Canadian Solar had entered into a build-transfer agreement (BTA) with Entergy Mississippi to build and transfer the solar plant for about $138.4m.
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Considered to be one of the first in the US, the agreement will allow Entergy Mississippi to own one of the largest solar plants in the state.
Recurrent Energy will develop the Sunflower solar power plant, which will sit on nearly 1,000 acres of land in Sunflower County in Mississippi. The plant will be powered by Canadian Solar’s PV modules, which will be mounted on single-axis trackers.
Canadian Solar chairman and CEO Shawn Qu said: “We would like to thank the Commission for its approval of this build-and-transfer agreement that will allow us to move ahead with the Sunflower project.
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“This agreement with Entergy is another milestone that underscores Recurrent Energy’s leadership position in the U.S. solar development space. We are proud to do our part to expand the use of clean renewable energy from the sun in Mississippi, and to advance the goal of building an environmentally-friendly, low-carbon future.”
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By GlobalDataThe project will create nearly 360 local jobs during its construction phase. It is expected to begin operations by the middle of 2022.
Once completed, the solar plant will generate enough clean energy to power more than 16,000 homes in Mississippi.
Entergy Mississippi president and CEO Haley Fisackerlysaid: “Once the Sunflower Solar Facility is complete, we’ll be able to offer renewable energy as part of our customers’ energy mix. This facility represents one more way we are building the utility of the future.”
In March this year, Canadian Solar secured €55m of credit from Italian bank Intesa Sanpaolo to fund the construction of 12 solar projects with a capacity totalling 151MW in Italy.
The 12 projects are located across different municipalities in Sicily, Apulia and Lazio. First of the projects are expected to break ground in the third quarter of this year.
When operational, the solar projects will generate about 287GWh of clean energy, while offsetting over 73,000 tons of CO2 emissions annually.
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Canadian Solar to build 100MW solar plant in US. (Credit: Pixabay/Sebastian Ganso.)
