Commercial, Industrial, Solar - August 18, 2020
Largest C&I rooftop solar projects in Malaysia begins construction
One of the largest commercial and industrial rooftop solar projects in Malaysia began construction this week in an installation that will have a capacity of 5 MW and produce power for Muda Paper Mills.
The project will be installed over 26,000 square meters through a collaboration between Canadian Solar, Antah Solar and Eleaps. Once completed, the system is expected to generate approximately 6,700 MWh of clean electricity annually for 25 years. The project is expected to begin operation by the end of the year.
Additionally, Deutsche Investitions- und Entwicklungsgesellschaft will provide $20 million in long-term financing for the project.
“This transaction marks our first corporate solar PPA in Southeast Asia,” Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said in a statement. “We have secured close to 170 MWp of corporate PPAs across Southeast Asia and Australia since the beginning of 2020, partnering our C&I clients to reduce carbon emissions while cutting operational costs. With our proven track record and established C&I pipeline, we expect to partner with more corporates to capture the growing potential of the global C&I solar market and help our customers to achieve their sustainability goals. We appreciate DEG's funding to support Canadian Solar's expansion across this region.”
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