Canadian Solar Obtains Favorable Environmental Impact Assessment (EIA) for 685 MW in Spain
The EIA assesses the direct and indirect impacts of a power project based on a range of environmental factors, including the impacts on the local community, biodiversity, land, soil, water, air, climate, landscape, and cultural heritage. The EIA procedure ensures that environmental protection and considerations are taken into account from the very beginning of project development activities. The process also fosters public engagement and provides transparency in the decision-making process.
The autonomous regions of Andalucía and Castilla y León are two of the most promising and fast-growing regions in
All projects are expected to start construction in 2023 and will be fully operational by 2025. The Company's total portfolio of solar photovoltaic parks under development in
The environmental authorization for these 685 MW is another milestone for
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and Europe; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; uncertainties related to the CSI Solar carve-out listing; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 28, 2022, as amended on