Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its modules will power a series of projects in Georgia totaling 5.1 MW with Atlanta-based solar developer and Engineering, Procurement and Construction ("EPC") provider SolAmerica Energy, LLC. As the sole provider of photovoltaic (PV) modules for these projects, Canadian Solar expects these projects to be completed in December of 2014.
Each of the projects will be owned by Citizens Energy Corporation of Boston pursuant to a development and EPC Agreement with SolAmerica Energy. All of the projects will utilize Canadian Solar CS6X-310-P photovoltaic (PV) modules, and the energy produced from the arrays will be sold to Georgia Power pursuant to the Georgia Power Advanced Solar Initiative.
The projects under construction include the following:
Taylor County Industrial Park in Butler, Georgia: 1.8 MW ground mount
Cook County Farm in Lenox, Georgia: 1.3 MW ground mount
Terrell County Industrial Park in Dawson, Georgia: 1 MW ground mount
Goolsby Farm in Terrell County, Georgia: 1 MW ground mount
R. Stanley Allen, President of SolAmerica, said, "As part of the 8 MW of solar projects that SolAmerica will develop and build in Georgia by the end of 2014, these projects will help grow the base of solar energy in Georgia. Based on the performance and reliability of Canadian Solar PV modules in previous projects we developed, we hold full confidence in their product performance."
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "Canadian Solar is pleased to be working with SolAmerica on these solar projects in Georgia. We await their completion very soon and also look forward to future projects with SolAmerica in the Southeast United States."
