Canadian Solar, a vertically integrated manufacturer of silicon ingots, wafers, and PV cells and modules, signed an agreement with SPIC Brasil, a power generation company in Brazil, to sell a 70% stake in 738 MW of solar projects in Brazil. The Marangatu and Panati-Sitia projects have an installed capacity of 446 MW and 292 MW and are in Piaui and Ceara in northeastern Brazil, covering an area of 2,200 hectares. Both projects are at an advanced stage of development and are expected to begin construction in late 2022 and reach commercial operation in late 2023. Upon completion, the projects are expected to be two of the largest solar projects in Brazil and generate clean electricity to be equivalent to powering over 900,000 households in Brazil annually.