Canadian Solar Wins Contract for Two Solar Parks in Japan

Guelph, Canada - The solar energy company Canadian Solar has been awarded two projects in Japan in the 6th FIT auction.

The projects, located in the central prefectures of Gunma and Ibaraki, have a total capacity of 22 megawatts peak (MWp). The Gunma project is Canadian Solar's fourth project in this prefecture and will be the company's sixth golf course conversion project in Japan.

Both projects will be equipped with high-efficiency modules from Canadian Solar. Once installed, the electricity will be purchased by Tokyo Electric Power Company under a long-term power purchase agreement for a period of 20 years at a price of 11.99 Japanese Yen (JPY) per kWh (9.66 cents/kWh). Canadian Solar expects the projects to be operational by 2025.

Since the start of the Japanese solar development business in 2011, the company, which is listed in the regenerative share index RENIXX World, has built 40 solar power plants with a capacity of 290 MWp in 20 prefectures and connected them to the grid. According to Canadian Solar CEO Dr. Shawn Qu, Canadian Solar also has a project pipeline in Japan with a capacity of 290 MWp in development and construction. "We are confident and proud that these projects will be delivered in the near future and contribute to the country's decarbonization and energy security efforts", Qu added.

Source: IWR Online, 16 Nov 2020