Canadian Solar Inc (NASDAQ:CSIQ) announced on Tuesday that three of its solar projects in Japan, totalling 42 MWp, have reached commercial operations.
Namely, the Oita Kitsuki, Gunma Takasaki and Yamaguchi Hofu parks are expected to have a combined annual output of around 53,000 MWh, which will be enough to cover the consumption of some 15,000 homes per year. All of them are equipped with Canadian Solar’s bifacial BiHiKu modules.
The electricity produced by the three photovoltaic (PV) farms is sold to Japanese grid operators under the country’s feed-in tariff (FiT) programme. The term of the contracts is about 19 years, with the tariffs standing at JPY 32 (USD 0.234/EUR 0.221), JPY14.49 and JPY14.25 per kWh, respectively.
“Today's milestones further solidify Canadian Solar's leadership position as the most integrated clean energy player with significant growth potential in the Japanese market,” said Shawn Qu, chairman and CEO of Canadian Solar.
In Japan, Canadian Solar currently has 518 MWp of utility-scale capacity in operation or under construction. In November last year, the company brought online its 100-MWp Azuma Kofuji solar park in Japan’s Fukushima Prefecture.
(JPY 100 = USD 0.731/EUR 0.69)
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