Jiangsu, China [RenewableEnergyWorld.com] Canadian Solar Inc. (CSI) has entered into a second memorandum of understanding with LG CNS Co. Ltd., a subsidiary of the LG Group of South Korea, to implement a minimum 10 megawatts (MW) of solar photovoltaic (PV) power projects in Korea in 2010.
This non-binding memorandum expands on the first memorandum of understanding between Canadian Solar and LG CNS signed in April of this year. The Korean government recently announced the details of its 2010 PV programs, which include the Feed-in Tariff program and the pilot stage of a renewable energy portfolio standard program program.
“South Korea has been a good market for Canadian Solar this year and our agreements with LG CNS have played an important role in this success. LG CNS is one of the best solar system integrators and EPC providers and is a well recognized player in the Korean and worldwide solar markets,” said Shawn Qu, chairman and CEO of CSI. “We are very pleased to have LG CNS’s endorsement of the quality of our products and services.”