Canadian Solar Inc. (NASDAQ: CSIQ) and Mortenson Construction announced that they have broken ground on a proposed 2.5-megawatt photovoltaic solar facility in Laurinburg, N.C. The project is estimated to be complete by December of this year.
Canadian Solar is one of the world’s biggest solar companies, and it is responsible for overall project delivery. It will also supply required modules to Mortenson, which is a leading engineering and construction contractor. Mortenson is in charge of completing designing and installing all equipment for the solar array.
The PV system is being developed by Birdseye Renewable Energy and will be situated on a 10-acre site. It is expected that the project will power around 300 homes via the 3,483 MWh of clean electricity it will produce.
From the Sacramento Bee:
"The Laurinburg Solar Farm marks an important milestone for Canadian Solar in the United States," noted Noah Eckert, director of commercial and utility-scale markets, Canadian Solar. "Canadian Solar's goal is to support our customers and partners to bring utility-scale projects to completion. In that vein, we selected Mortenson Construction, a well-regarded and experienced construction firm focused on delivering the highest quality service, to design and build the project."
"It's great to partner with a globally respected company like Canadian Solar because we know we will be working with top quality products," said Mark Donahue, a general manager and vice president of Mortenson Renewable Energy Groups. "It's fulfilling to be working in Laurinburg once again, and we're excited to help North Carolina continue its progression towards becoming a solar power leader in the Southeast."
Canadian Solar already has a record of being one of the most prominent suppliers of solar modules in the U.S. market. Project solutions are expected to bring in almost 25 percent of its total revenue for this year, compared to 10 percent last year.
The company is a leading provider of ingot, wafer, solar cell, solar module, and other solar solutions to both on- and off-grid customers worldwide.
Mortenson Construction is based in the U.S. and held privately. It is the 19th largest contractor in the country, and it offers a full range of services including planning, program management, contracting, and overall development. To date, the company has developed over 130 renewables facilities which collectively account for almost 13,000 MW of renewable power.
Canadian Solar was up 4.1% to $2.79 on Friday morning.
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