Canadian Solar Obtains Favorable Environmental Impact Assessment (EIA) for 685 MW in Spain

Canadian Photo voltaic Inc. (the “Firm” or “Canadian Photo voltaic”) (NASDAQ: CSIQ) at the moment introduced that six of its photovoltaic photo voltaic initiatives with a complete of 685 MW positioned within the Andalucía and Castilla y León areas of Spain have obtained favorable Environmental Impression Assessments (EIA). ) from the Spanish Ministry for the Ecological Transition and Demographic Problem and the Environmental Company of Castilla y León.

EIA assesses the direct and oblique impacts of an influence venture based mostly on a wide range of environmental components, together with impacts on native communities, biodiversity, land, soil, water, air, local weather, panorama -view, and cultural heritage. The EIA methodology ensures that environmental safety and concerns are taken under consideration from the start of the venture growth actions. The method additionally promotes public engagement and gives transparency within the decision-making course of.

The autonomous areas of Andalucía and Castilla y León are two of one of the best and quickest rising areas in Spain for photo voltaic power, boasting a number of the greatest photo voltaic irradiation on this planet.

All initiatives are anticipated to begin development in 2023 and be absolutely operational by 2025. The Firm’s complete portfolio of photo voltaic photovoltaic parks below growth in Spain quantities to greater than 2 GW positioned in six autonomous communities.

The environmental approval for this 685 MW is one other milestone for Canadian Photo voltaic within the Spanish market, the place it has been current since 2006. These initiatives are anticipated to create round 1,700 native jobs and generate sufficient clear power to produce roughly 365,000 houses, equal to a discount of roughly 350,000 tons of CO2 emissions.

Dr. Shawn Qu, Chairman and CEO of Canadian Photo voltaic, commented “As a accountable renewable power supplier, we combine ESG not solely in our manufacturing enterprise but additionally in our venture growth enterprise. We consider the environmental and ecological impacts in each venture we develop around the globe. We’re very pleased to have lately obtained the Environmental Impression Evaluation for our six initiatives in Spain. They are going to contribute to decrease electrical energy costs for ultimate shoppers, decarbonize Spain’s power combine and promote the power transition in direction of a cleaner and extra sustainable future.”

About Canadian Photo voltaic Inc.

Canadian Photo voltaic was based in 2001 in Canada and is among the largest photo voltaic expertise and renewable power firms on this planet. It’s a main producer of photo voltaic photovoltaic modules, supplier of photo voltaic power and battery storage options, and developer of utility-scale solar energy and battery storage initiatives with a geographically diversified pipeline in varied phases of growth. Over the previous 21 years, Canadian Photo voltaic has efficiently provided practically 82 GW of premium high quality, photo voltaic photovoltaic modules to prospects around the globe. Additionally, since getting into the venture growth enterprise in 2010, Canadian Photo voltaic has developed, constructed and related greater than 7 GWp in additional than 20 nations around the globe. At the moment, the Firm has roughly 500 MWp of initiatives in operation, 6 GWp of initiatives below development or within the backlog (late-stage), and a further 19 GWp of initiatives in superior and early- stage pipeline. Canadian Photo voltaic is among the most bankable firms within the photo voltaic and renewable power trade, publicly listed on NASDAQ since 2006. For extra details about the Firm, comply with Canadian Photo voltaic on LinkedIn or go to www. canadiansolar.com.