Canadian Solar buys in Brazil

Canadian Solar buys in Brazil

Project & Infrastructure Finance Brazil M&A Canada

Canadian Solar said it has acquired a solar photovoltaic project in Brazil, with construction slated to start early next year.A consortium led by Spanish solar developer Solatio won 60 MW in solar projects in Guimarania, Minas Gerais in Brazil's second renewable energy auction in October 2015.Solatio owns 49.9% of the consortium, while NSG has 49.5% and Sindustrial has a small stake.The two projects, with BRL255m ($82.4m) in estimated investments, secured a 20-year power purchase agreements for

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