Guelph Ontorio based Canadian Solar has completed the sale of two flagship solar farms, Suntop and Gunnedah, totaling 345 MWp in New South Wales, Australia, to CalEnergy Resources, a subsidiary of Northern Powergrid Holdings Company.The two projects have long-term offtake agreements with a global leading technology company and will help support corporate decarbonization efforts. The projects have reached substantial completion and are expected to generate over 700,000 MWh of green electricity annually. This is equivalent to avoiding more than 450,000 tonnes of CO2-equivalent emissions annually or taking approximately 100,000 cars off the road each year.In addition to the sale of these projects, Canadian Solar and CalEnergy also entered into a multi-year development services agreement that provides a framework for the companies to continue to work together to build out Canadian Solar's growing renewable energy pipeline in Australia.
Guelph Ontorio based Canadian Solar has completed the sale of two flagship solar farms, Suntop and Gunnedah, totaling 345 MWp in New South Wales, Australia, to CalEnergy Resources, a subsidiary of Northern Powergrid Holdings Company.The two projects have long-term offtake agreements with a global leading technology company and will help support corporate decarbonization efforts. The projects have reached substantial completion and are expected to generate over 700,000 MWh of green electricity annually. This is equivalent to avoiding more than 450,000 tonnes of CO2-equivalent emissions annually or taking approximately 100,000 cars off the road each year.In addition to the sale of these projects, Canadian Solar and CalEnergy also entered into a multi-year development services agreement that provides a framework for the companies to continue to work together to build out Canadian Solar's growing renewable energy pipeline in Australia.
