Canadian Solar Inc. (CSIQ:US), the third- largest solar-panel maker, invested in 15 solar-energy projects in North Carolina that are expected to be completed by the end of this year.
The portfolio will total 85 megawatts of generating capacity, mainly consisting of 6-megawatt systems, Canadian Solar said today in a statement. The first project will be completed in February, a 6.4-megawatt system in Wake County named Fuquay Farm. Terms of the investment and project costs weren’t disclosed.
Canadian Solar will supply all of the modules needed, David Pasquale, a spokesman, said today by telephone.
Canadian Solar, based in Guelph, Ontario, makes its photovoltaic products in China. The projects are being developed jointly with Strata Solar LLC, a closely held company based in Chapel Hill, North Carolina.
Strata said Feb. 11 that it plans to complete a 100- megawatt solar farm in North Carolina next year, which would be the largest on the U.S. East Coast.
Suntech Power Holdings Co. and First Solar Inc. (FSLR:US) are the two largest solar-panel makers by module capacity.
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