Canadian Solar Inc. has commenced construction on two solar photovoltaic (PV) power projects in Japan.
The first is a 13.6 MWp project in the Ibaraki Prefecture. The project will be powered by 33,098 pieces of Canadian Solar's high-efficiency MaxPower modules. Once in operation, the plant is expected to generate approximately 15,901 MWh of clean, reliable solar electricity each year, which will be purchased by Tokyo Electric Power Co., Inc. under a 20-year feed-in-tariff contract at the rate of JPY32.0 (US$0.29) per kWh. The company expects the project to reach commercial operation by mid-2021.
The second project is a 13.0 MWp project in the Fukuoka Prefecture. The plant is expected to generate approximately 15,250 MWh of solar energy each year, which will be purchased by Kyushu Electric Power Co., Inc. under a 20-year feed-in-tariff contract at the rate of JPY36 (US$0.33) per kWh. The project is also expected to reach commercial operation by mid-2021.
Country updates
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February 19, 2020
Canadian Solar divests of 56.3 MW Yamaguchi Shin Mine solar PV plant
Canadian Solar Inc. has completed the sale of Yamaguchi Shin Mine, a 56.3 MWp operational solar power plant in the Yamaguchi Prefecture in Japan. Hana Financial Investment, a subsidiary of Hana Finan...
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February 18, 2020
GSSG Solar reaches first close for GSSG Solar Partners III
GSSG Solar has reached first close for its third global fund, GSSG Solar Partners III. The Fund will build on the strategy, infrastructure, and relationships of the Company&rsquo...
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February 17, 2020
SMFL MIRAI Partners invests in JRE's 200 MW Japanese solar portfolio
Japan Renewable Energy (JRE) and SMFL MIRAI Partners Co Ltd, a unit of Sumitomo Mitsui Finance & Leasing Co Ltd, has entered into an agreement to jointly invest in about 196.5 MW po...
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February 14, 2020
APL completes sale of 63.2 MW Annaka Solar Power Plant to Tokyo Gas
Asia Pacific Land (APL) has completed the sale of a 62.3 MW Annaka Solar Plant to a unit of Tokyo Gas Co Ltd, Prominet Power Co Ltd. The solar plant is developed on a 137 hectare...
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February 10, 2020
Marubeni Corporation reaches financial close for 140 MW Offshore Wind Farms at Akita Port and Noshiro Port
The Marubeni Corporation, through the special purpose company Akita Offshore Corporation, has decided to implement the construction, operation, and maintenance of offshore wind farms at Akita Por...
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