Canadian Solar closes sale of 10.8 MW Izu-shi solar PV project in Shizuoka Prefecture

Canadian Solar Inc. has completed the sale of a 10.8 MWp operating solar power plant in Izu-shi, Shizuoka Prefecture to Canadian Solar Infrastructure Fund, Inc. (CSIF) for JPY4,569 million (US$42.1 million).

The Izu-shi solar power plant is powered by 30,202 Canadian Solar KuMax modules. It reached commercial operations in December 2018 and has been selling power to Tokyo Electric Power Co., Inc. under a 20-year feed-in-tariff contract at the rate of JPY36.0 (US$0.33)/kWh.