Canadian Solar raises $20 million from China and Portuguese-speaking Countries Cooperation and Development Fund

Canada-based solar PV module manufacturer Canadian Solar has received unsecured funding worth $20 million from the China and Portuguese-speaking Countries Cooperation and Development Fund to support the development of projects in Brazil, including the 191 MWp Pirapora I project in the state of Minas Gerais. The project is currently under construction and is expected to be completed in the third quarter of 2017. Once operational, it will generate 391.3 GWh of clean energy per year, sufficient to meet the annual energy needs of more than 200,000 Brazilian households and avoid 228,000 tonnes of carbon dioxide emissions.