Canadian Solar said that its 35 MW solar plant in the south Indian state of Karnataka has entered into commercial operations.
The 35 MWp project is located in Bagalkot District of Karnataka and is expected to generate approximately 54,000 MWh of clean solar power every year.
This project provides clean electricity to off-takers from the education, healthcare, cement, and auto parts industries through 25-year power purchase agreements (PPAs), in line with the Open Access regulations of Karnataka.
Concurrent with this milestone, Canadian Solar has completed its financing of INR1.0 billion (US$16.0 million) for the C&I portfolio with Tata Cleantech Capital Limited.
Canadian Solar chairman and chief executive officer Shawn Qu said: “We are delighted to launch our first C&I solar portfolio in India which creates sustainable value for our customers. Local businesses can benefit from clean solar energy while mitigating rising electricity costs.
“Canadian Solar provides strong development, technical, and financing solutions that assist businesses in their switch to clean renewable energy.”
Source: Company Press Release.