December 26 (Renewables Now) - Canadian Solar Inc (NASDAQ:CSIQ) announced this week that its 1.98-MWp Hualien Rongkai solar park in Taiwan is up and running.
The project, the solar panel maker’s first in the country, reached its commercial operation date (COD) on December 13. The Canadian company said TaiPower Inc is buying the output at TWD 4.922 (USD 0.16/EUR 0.15) per kWh under a 20-year feed-in tariff (FiT) contract.
The Hualien Rongkai park is equipped with 6,384 pieces of modules made by Canadian Solar at its Taiwanese factory. Its production is estimated at around 2,505 MWh of electricity per year.
Canadian Solar said it has an early stage pipeline of 43 MWp in Taiwan.
(TWD 10 = USD 0.33/EUR 0.30)