Canadian Solar Declared Itself of Being Awarded With a 17.87MW project in Japan

A total of 141.3MW AC of projects at a price of JPY 19.6 ($0.18) per kWh, declared on November 21, 2017, as per the results of the first auction.

Canadian Solar Inc. has secured a 17.87MW project in Japan’s inaugural solar energy auction. The company is among the world’s largest solar power company. The project is set up in Suzuhari City within Hiroshima region, more than 48,000 high-efficiency Canadian Solar modules. The project after completion will follow a 20-year power purchase agreement with Chugoku Power Electric Company at a rate of   JPY 17.97 ($0.16) per kWh. The project is expected to be commercially operational by 2021.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc. said “This project demonstrates our capability to identify and secure high quality development opportunities in Japan’s competitive solar market, It also underscores our commitment to improve on the cost competitiveness of solar power technology deployment in Japan.”

A total of 141.3MW AC of projects at a price of JPY 19.6 ($0.18) per kWh, declared on November 21, 2017, as per the results of the first auction. Japan’s Ministry of Economy, Trade and Industry (METI) have announced plans to run the second auction in July of 2018 and plans are in place to run a third auction in late 2018.

“As we look ahead, we will continue to maintain a strong focus on subsequent solar energy auctions in Japan. This will enhance our ability to provide Canadian Solar Infrastructure Fund with greater access to high-quality projects,” mentioned Dr. Shawn Qu.

Source: PR News Wire