Canadian Solar partners with Photon Energy for 1.14GWP Solar projects in Australia

Canadian Solar forayed into an agreement with Photon Energy NV to co-develop five utility-scale power projects with a total capacity of 1.14 GWp in New South Wales, Australia.

Georg Hotar, CEO of Photon Energy NV said “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.”

Canadian Solar will acquire a 51% shareholding in each of Photon Energy’s five project companies in Australia that carry a total of 1.14 GWp of projects. Encompassing projects like the 316 MWp project in Gunning which is fully owned by Photon Energy, as well as four projects co-developed by Photon Energy with Polpo Investment, namely the 178 MWp project in Mumbil, the 165 MWp project in Gunnedah, the 286 MWp project in Suntop and the 196 MWp project in Maryvale.