Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, announced that it will be partnering with Signal Energy to provide Engineering, Procurement and Constructions (EPC) services and supply solar modules for ESCO Pacific's 175MWp/133MWac Finley Solar Farm in New South Wales, Australia.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said, "We are delighted to be selected by ESCO Pacific to provide EPC services together with Signal Energy and to supply our 1500V crystalline module to this large-scale solar power plant. This partnership further expands our presence and solidifies our competitive position in Australia. We are committed to providing customers in Australia and around the world with access to clean, affordable and reliable solar energy."
The solar plant will be built on approximately 1,000 acres of grazing, crop and irrigated lands near Finley, New South Wales, Australia. Over 490,000 of Canadian Solar's 1500V high efficiency KuMax modules (CS3U-P) will be installed on single-axis solar tracking systems. When completed, it will produce enough electricity to meet the needs of more than 90,000 NSW homes and displacing more than 400,000 tonnes of carbon dioxide emissions annually.
"We are excited about establishing ourselves in the Australian renewable energy market," said Greg Pawson, President of Signal Energy. "Signal Energy has had great success in the United States by creating value for our customers through optimization and execution of their solar projects, and leveraging our experience internationally has proven to make a lot of sense."
"The Australian market has been very receptive to our arrival, and we appreciate the confidence that ESCO Pacific has placed in Signal Energy Australia," said Greg Pawson, President of Signal Energy "Canadian Solar's focus on providing creative technical and commercial solutions match very well with Signal's mission and we are very pleased to be working together again on this important project."
Construction of the project began in December 2018 and is expected to complete in October 2019.
Canadian Solar | http://www.canadiansolar.com
Signal Energy | http://www.signalenergy.com