The Mississippi Public Service Commission unanimously approved the Build-Transfer Agreement (“BTA”) with Entergy Mississippi for Recurrent Power, LCC.
The BTA has a fixed procurement price of about $138.4 million with Entergy Mississippi on the photovoltaic 100 megawatt (“MWac”) Sunflower Solar plant. Entergy will own the biggest solar power plant in the state of Mississippi with the signing of this BTA, one of the first negotiated in the USA.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar thanked the Commission for its approval of the build-and-transfer agreement that will allow the movement ahead with the Sunflower project, In addition, he also stated that the agreement with Entergy is another milestone that underscores Recurrent Energy’s leadership position in the U.S. solar development space. He said he was proud to do their part to expand the use of clean, renewable energy from the sun in Mississippi to advance the goal of building an environmentally-friendly, low-carbon future.
Recurrent Energy will develop the 100 MWac Sunflower solar project, located on approximately 1,000 acres of land in Sunflower County, Mississippi. The project will use high-efficiency modules from Canadian Solar and single-axis trackers. Construction of the solar plant is expected to create approximately 360 jobs, and the plant will begin commercial operation by mid-2022. Once operational, Entergy Mississippi will own the Sunflower project, allowing the regulated utility to power more than 16,000 homes with clean electricity.
As the Chief Executive Officer, Haley Fisackerly said that, Once the Sunflower Solar Facility is complete, they’ll be able to offer renewable energy as part of our customers’ energy mix. Also, Entergy Mississippi President and this facility represent one more way we are building the utility of the future.
About Recurrent Energy
Recurrent Energy is a leading developer of solar and storage systems on a large scale, offering cheap, renewable power to major energy buyers. Recurrent Energy, headquartered in the U.S., is a wholly owned subsidiary of Canadian Solar Inc., which serves as the U.S. project production arm of Canadian Solar. Recurrent Energy has over 5 GW of solar and storage facilities under construction in the United States.
For more info, please visit www.recurrentenergy.com.
About Canadian Solar Inc.
Canadian Solar was founded in Canada in 2001 and is one of the largest solar power companies in the world. It is a leading manufacturer of solar photovoltaic modules and developer of solar energy systems and has in various stages of development a geographically diversified portfolio of utility-scale solar energy ventures. Canadian Solar has successfully delivered over 40 GW of premium quality, solar photovoltaic modules to customers in over 150 countries.
To know more about Canadian Solar please visit https://www.canadiansolar.com/
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