Canadian Solar expects progress on 140 MWp of Italian projects in 2021

Nay for fossil fuel, yea for renewable energy
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Last month we stayed in Tonopah, Nevada. North-west of the town is a 110 megawatt solar thermal power plant called Crescent Dunes Solar Energy Project. It will start operating later this year and will provide power for 75,000 homes. The anticipated to cost is a bit less than $1 billion. At the bottom you see the reflection on the panels that mirror the sunlight to a large tower to heat liquid salt, which is used to generate electricity.

This solar power plant can operate 24/7 – hot salt in a big tank stores energy for use at night. A truly large-scale project. An overview video describes this.

This photo shows the reflectors called heliostats. There are 17,500 of them, each has 62.4 m² (670 square feet) of mirrors.

Explanation on using "nay" and "yea" in the title, based on Wikipedia article: "While Modern English has a two-form system of yes and no for affirmatives and negatives, earlier forms of English had a four-form system, comprising the words yea, nay, yes, and no. In essence, yes and no were the responses to a question posed in the negative, whereas yea and nay were the responses to positively framed questions."

I processed a balanced HDR photo from two RAW exposures.

— © Peter Thoeny, CC BY-NC-SA 4.0, HDR, 2 RAW exposures, NEX-6, SEL-55210, _DSC1600_1_hdr2bal1k
By PeterThoeny on 2015-06-30 20:01:52
tags Canadian Solar expects progress on 140 MWp of Italian projects in 2021

December 23 (Renewables Now) – Canadian Solar Inc (NASDAQ:CSIQ) on Tuesday confirmed the sale of its remaining 30% in two Italian solar projects totalling over 290 MWp and said it will focus on growing and diversifying its pipeline in Italy.

The solar module maker currently has a pipeline of more than 1.3 GWp in the country and expects around 140 MWp to reach notice-to-proceed next year.

“Italy is one of the countries in Europe where solar energy has reached grid parity at the wholesale level, and therefore we expect the growth of energy sale agreements to accelerate in the following years,” said Canadian Solar’s chairman and chief executive Shawn Qu.

Qu added that Italy is one of the company’s strongest core markets in the Europe, the Middle East, and Africa (EMEA) region and it expects to gain market share and solidify its position there.

Canadian Solar sold its remaining stake in the Big Fish and Iron solar projects, both located in Sicily, to Italy-based Falck Renewables SpA (BIT:FKR), which now owns 100% of the projects.

The solar company sold 70% in the projects to Falck Renewables in 2019 and partnered with the Italian company on their development. Big Fish, with a capacity of more than 250 MW, and Iron, of about 35 MW, have secured grid connection and preliminary land rights. They have also applied for permits and authorisations.