State's largest solar project provides clean, renewable
energy and economic advantages
GUELPH,
ON and JACKSON,
Miss., May 27, 2022 /PRNewswire/ -- Canadian
Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today
announced its wholly owned subsidiary Recurrent Energy, LLC
("Recurrent") successfully completed the construction on a
100-megawatt renewable solar power plant near Ruleville in the Mississippi Delta, providing
clean energy to Entergy Mississippi's 461,000 customers. The
Sunflower Solar Station is the largest solar installation in
Mississippi and provides enough
energy to power 16,000 homes.
Recurrent Energy developed and built the Sunflower Solar Station
for Entergy Mississippi, which will own it for the life of the
facility. The Sunflower project is
one of the first utility-scale solar projects to be constructed
under a Build Transfer Agreement (BTA) in the United States. Recurrent Energy signed a
BTA with Entergy Mississippi in 2018 designating the regulated
utility to own the Sunflower
project when it reached commercial operation. The BTA was approved
unanimously by the Mississippi Public Service Commission in
April 2020.
"It's a historic day for Entergy Mississippi, our customers and
our state," said Haley
Fisackerly, Entergy Mississippi president and CEO.
"Powering communities is the heart of our business, and this power
station does that in several ways—by providing clean, green power
to customers and a hedge against rising natural gas prices and
giving industries with renewable energy goals an incentive to
locate or expand operations in our state."
"We are proud to have completed the largest solar project in
Mississippi on behalf of Entergy
in a way that has supported Mississippi businesses and paved the way for
more renewable energy in the state," said Dr. Shawn Qu, Chairman and Chief Executive
Office of Canadian Solar. "Sunflower is our first build-own-transfer
project and our first project in Mississippi. We look forward to supporting the
growth of solar throughout the southeast United States and repeating this model which
provides additional value for our customers."
The Sunflower project is the
first plant in what will be the largest expansion of renewable
power in the state's history. Under a program called EDGE, for
"Economic Development with Green Energy," Entergy Mississippi plans
to replace some aging natural gas plants with 1,000 megawatts of
renewable energy over the next five years.
The Sunflower project employed
Mississippi vendors and
construction workers. Attala Steel Industries, based in
Kosciusko, supplied 2,475 tons of
steel for foundations. Additionally, A-1 Kendrick Fence Company,
based in Jackson, installed the
perimeter fence. More than half of the labor hours spent on the
project's construction were from workers local to the area and
surrounding counties. Signal Energy LLC served as the EPC
provider.
The emissions-free, renewable energy plant sits on approximately
1,000 acres in Sunflower County
and connects to Entergy's transmission grid in Ruleville. The plant is a single axis tracking
photovoltaic power generator with 272,000 PV modules.
In 2021, Entergy Corporation announced plans to triple its
renewable energy portfolio over a three-year period. Entergy
expects to have 11,000 megawatts of renewable energy generation by
the end of 2030. The Sunflower
project is another milestone in Entergy's continued transformation
of their power generation portfolio, meeting customer's needs with
clean, efficient and diverse sources of electricity while
maintaining affordable rates. Learn more about Entergy's renewable
energy generation growth at entergy.com/renewable-energy.
About Entergy Mississippi Entergy Mississippi, LLC
provides electricity to approximately 461,000 customers in 45
counties. Entergy Mississippi is a subsidiary of Entergy
Corporation, an integrated energy company engaged in electric power
production, transmission and retail distribution operations.
Entergy delivers electricity to 3 million utility customers in
Arkansas, Louisiana, Mississippi and Texas. Entergy owns and operates one of the
cleanest large-scale U.S. power generating fleets with
approximately 30,000 megawatts of electric generating capacity,
including 7,000 megawatts of nuclear power. Headquartered in
New Orleans, Louisiana, Entergy
has annual revenues of $10 billion
and approximately 12,500 employees.
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar
technology and renewable energy companies. It is a leading
manufacturer of solar photovoltaic modules, provider of solar
energy and battery storage solutions, and developer of
utility-scale solar power and battery storage projects with a
geographically diversified pipeline in various stages of
development. Over the past 20 years, Canadian Solar has
successfully delivered around 71 GW of premium-quality, solar
photovoltaic modules to customers across the world. Likewise, since
entering the project development business in 2010, Canadian Solar
has developed, built and connected over 6.6 GWp in over 20
countries across the world. Currently, the Company has 800 MWp of
projects in operation, 5.3 GWp of projects under construction or in
backlog (late-stage), and an additional 18.5 GWp of projects in
pipeline (mid- to early- stage). Canadian Solar is one of the most
bankable companies in the solar and renewable energy industry,
having been publicly listed on the NASDAQ since 2006. For
additional information about the Company, follow Canadian Solar
on LinkedIn or visit www.canadiansolar.com.
About Recurrent Energy (Canadian Solar
Subsidiary)
Recurrent Energy is a leading utility-scale
solar and storage project developer, delivering competitive, clean
electricity to large energy buyers. Based in the U.S., Recurrent
Energy is a wholly owned subsidiary of Canadian Solar Inc. and
functions as Canadian Solar's U.S. project development arm.
Recurrent Energy has approximately 5 GW of solar and storage
projects in development in the U.S. Additional details are
available at www.recurrentenergy.com.
Canadian Solar Inc. Investor Relations
Contacts
Isabel Zhang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com
David Pasquale
Global IR Partners
Tel: +1-914-337-8801
csiq@globalirpartners.com
Recurrent Energy Media Inquiries
Ally Copple
Innovant Public Relations
713-201-8800 (direct)
Ally@InnovantPR.com
Entergy Mississippi Media Inquiries:
Mara M. Hartmann, APR
601-969-2520 (office)
601-594-9042 (cell)
mhartma@entergy.com
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SOURCE Canadian Solar Inc.