Canadian Solar subsidiary Recurrent Energy has signed a Power Purchase Agreement (PPA) with Qualcomm in Spain.

Under the terms of the agreement, Recurrent Energy will supply 50,000 MWh annually, the equivalent of 8,000 tonnes of CO₂ emissions each year.

Qualcomm will source the renewable energy from a solar photovoltaic (PV) project developed by Recurrent Energy, which plans to retain ownership and operational responsibilities of the plant upon its completion.

In a statement, the companies said the project will strengthen Spain’s leadership in renewable energy and support its decarbonization goals. It will also see the creation of more than 300 jobs during the construction phase, providing specialized job training to ensure employment opportunities for the local community.

The agreement was facilitated by Trio (formerly Altenex Energy), a sustainability and energy advisory company.

Ismael Guerrero, CEO of Recurrent Energy, said: “We are thrilled to partner with Qualcomm through this PPA. This agreement not only reinforces Recurrent Energy’s commitment to developing large-scale renewable energy solutions in Spain but also supports Qualcomm in its mission to achieve its ambitious decarbonization targets. This PPA exemplifies how collaboration between technological innovation and clean energy may drive a more efficient future while fostering environmental and socio-economic progress.”

Founded in 2001 and headquartered in Kitchener, Ontario, Canadian Solar is one of the world’s largest solar technology and renewable energy companies. It manufactures solar photovoltaic modules and provides solar energy and battery energy storage solutions.

As of December 31, 2024, its subsidiary Recurrent Energy had a global pipeline that includes more than 28GWp of solar and 67GWh of energy storage capacity.