Canadian Solar has partnered with Photon Energy to develop 5 utility-scale solar power projects that will total 1.14 megawatts in New South Wales, Australia as reported by PV Tech.
Here are the key details about the partnership:
- Canadian Solar will own 51% shares in each of Photon Energy’s 5 project companies in Australia.
- The project will include a 316 megawatt project in Gunning, which is owned by Photon Energy.
- The other 4 projects will be co-developed by Photon Energy and Polpo Investment.
This transaction represents an exciting moment for the Photon Energy Group with our long-term commitment to the Australian market bearing fruit. This cooperation marks a tangible achievement of the entire team in Australia who have gained the trust of a leading global player in the solar industry such as Canadian Solar.
Georg Hotar, CEO of Photon Energy NV