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Canadian Solar Announces Commercial Operation of Three Projects in Japan

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Canadian Solar Inc., a solar technology and renewable energy company, has recently announced that its three solar power projects in Japan, particularly in Gunma Takasaki, Oita Kitsuki, and Yamaguchi Hofu, have reached their commercial operation in early 2023, totaling about 42 MWp.

Canadian Solar's bifacial BiHiKu modules powered these projects. The grid operators from the respective areas purchased the energy generated from the projects through Japan's feed-in-tariff program. This purchase would continue for about 19 years at the rates of JPY32 (US$0.24), JPY14.49 (US$0.11), and JPY14.25 (US$0.10) per kWh in approximation. The projects would produce about 53,000 MWh of renewable energy. This energy will power over 15,000 households and avoid approximately 24,000 tons of carbon emissions per year. It is delivering more clean, safe and affordable solar energy to the world. Of the total project pipeline, 2.9 GWp of projects are in late-stage development and have secured energy offtake agreements. In addition, it has a geographically diversified utility-scale solar power project pipeline of around 10 GWp.

Chairman and CEO of Canadian Solar Inc., Dr. Shawn Qu said, "We are delighted to be part of the green transformation that Japan is going through with these additions to our portfolio. Our teams worked closely with the local communities and governments to bring these projects to fruition. Working closely with the local community to cultivate a sustainable long-term relationship is one of our ESG sustainable development goals. Canadian Solar's Sustainability Report provides a detailed discussion on our ESG goals, targets and approaches."

(Source – Cision PR Newswire)

About Canadian Solar Inc.

Headquartered in Guelph, Ontario, Canadian Solar Inc., a renewable energy semiconductor manufacturing company, offers solutions for solar projects, solar panels, PV applications, bankability, solar modules, solar farms, renewable energy, and sustainability. It has been working as a global energy and solar energy solutions provider and solar PV modules manufacturer since 2001. It has conducted successful business subsidiaries in different countries and delivered about 55 GW of solar modules worldwide. It runs solar power projects and plants with the commercial operation, with a resale value of approximately US$1.2 billion. It was listed as Bloomberg New Energy Finance's Tier 1 Module Manufacturer in bankability for Q4 2018. GTM Research named it the Top 3 Global Utility-scale Solar PV Project Developer for 2017.

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