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Stock impact report

Recurrent Energy and SPIC Inaugurate 446 MWp Solar Complex in Brazil [Yahoo! Finance]

Canadian Solar Inc. - Common Shares (CSIQ) 
Last canadian solar inc. - common shares earnings: 3/26 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.canadiansolar.com
Company Research Source: Yahoo! Finance
developer, owner, and operator of solar and energy storage assets, announced today the inauguration of the 446 MWp / 360 MWac Marangatu Solar Complex in Brasileira, Brazil . SPIC owns 70% of the project, while Recurrent Energy owns the remaining 30%. Developed by Recurrent Energy, Marangatu Solar Complex was fully energized in April 2024 after 14 months of construction. 75% of the energy generated is secured through long-term power purchase agreements (PPAs). The complex will generate enough electricity to power approximately 550,000 homes annually. Additionally, the project created around 1,500 direct jobs and 500 indirect jobs. Adriana Waltrick , CEO of SPIC Brasil , commented, "It is increasingly urgent that we accelerate the energy transition process by contributing to the Brazilian electric sector and reinforcing our leadership in renewable energy. With our new venture into solar power generation, we aim to continue growing with innovation, sustainability, reliability, and mo Show less Read more
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