Canadian Solar Subsidiary Recurrent Energy and SPIC Inaugurate 446 MWp Solar Complex in Brazil
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar Inc.'s subsidiary, Recurrent Energy, and SPIC have inaugurated the 446 MWp Marangatu Solar Complex in Brazil. Recurrent Energy owns 30% of the project, which will power approximately 550,000 homes annually and created 2,000 jobs.
June 10, 2024 | 11:22 am
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Canadian Solar Inc.'s subsidiary, Recurrent Energy, has inaugurated the 446 MWp Marangatu Solar Complex in Brazil. The project, which will power 550,000 homes annually, is expected to positively impact Canadian Solar's revenue and market position in the renewable energy sector.
The inauguration of the Marangatu Solar Complex is a significant milestone for Canadian Solar, enhancing its portfolio and market presence in the renewable energy sector. The project is expected to generate substantial revenue through long-term PPAs and increase the company's influence in the Brazilian market.
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