SPIC Brazil to acquire 70% stake in two brazilian solar projects of Canadian Solar

SPIC Brazil, a power generation company in Brazil agreed to acquire 70% stake in two brazilian solar projects of Canadian Solar, an energy company. Financial terms were not disclosed. “We know that solar energy is a fundamental source for the energy transition towards a low carbon economy. SPIC group already has an extensive experience in implementing solar projects, being one of the main competitors in the sector worldwide. This acquisition marks the company’s first solar investment in Brazil and the partnership with Canadian Solar is strategic, given Canadian Solar’s experience and pioneering spirit on solar projects implementation and manufacturing,” Adriana Waltrick, SPIC Brasil CEO.