Canadian Solar to sell 80% interest in Brazilian soler project to Nebras Power
Canadian Solar signed an agreement for the sale of its 80% interest in a 482.6 MWp portfolio of contracted solar projects in Brazil to Nebras Power Investment, a Dutch affiliate of Nebras. These projects are in advanced stages of development with construction expected to begin in 2019. Canadian Solar will supply to the projects the bi-facial modules, including from its manufacturing facility in Brazil. With the completion of 80% interest sale of the 482.6 MWp Brazilian portfolio to Nebras Power, Canadian Solar will have successfully sold close to 1GWp of solar projects in Brazil. The agreement with Nebras provides Canadian Solar with the retention of the remaining 20% interest in the portfolio.