Firms flock to power auction for troubled Brazil state near Venezuela [Reuters]
Canadian Solar Inc. - Common Shares (CSIQ)
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Source: Reuters
Firms flock to power auction for troubled Brazil state near Venezuela - Reuters 2 Min Read SAO PAULO (Reuters) - Developers have presented more than 150 proposals for power plants ahead of an auction this month to supply electricity to the Brazilian state of Roraima, which has struggled with a rash of blackouts due to reliance on the shaky Venezuelan power grid. Roraima, which is not connected to Brazil’s national grid, has begun depending on expensive emergency fuel-burning plants in the absence of reliable power from its northern neighbor, which has sunk into a profound economic and political crisis. Brazil’s federal government set an auction for May 31 to close long-term contracts with new suppliers using any available source, from oil to wind or solar. Canadian Solar Inc and Brazilian companies Casa dos Ventos, Eneva SA and Equatorial Energia SA are among the potential bidders, according to industry sources. In the auction, the bidders offering the lowest price for electricity wil
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CSIQ
Earnings
- 3/14/24 - Beat
CSIQ
Sec Filings
- 3/14/24 - Form 6-K
- 3/4/24 - Form SC
- 2/28/24 - Form 6-K
- CSIQ's page on the SEC website