Canadian Solar wins 30-MWp PV project in Japanese tender

Solar panels. Featured Image: pornvit_v/Shutterstock.com

October 22 (Renewables Now) - Canadian Solar Inc (NASDAQ:CSIQ) said today it has won a 30-MWp photovoltaic (PV) project in Japan's 4th solar energy auction.

The 20-year power purchase agreement (PPA) with Chugoku Power Electric Company was awarded with a rate of JPY 13.47 (USD 0.124/EUR 0.112) per kWh.

Located in Maniwa city within Okayama prefecture, this PV facility will be comprised of Canadian Solar's high-efficiency modules. The company expects commercial operations to start by 2024.

Canadian Solar has also recently acquired five utility-scale solar power projects in Japan with a combined capacity of 20.5 MWp. These schemes have feed-in-tariff contracts in place and are scheduled to begin power supply in the 2020-2021 timeframe, the firm said.

The company currently has 241.9 MWp of installed solar capacity in Japan, divided between 39 power plants, chairman and CEO Shawn Qu stated.

(JPY 100 = USD 0.921/EUR 0.828)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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