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Canadian Solar Starts Construction on 143 MWp of Solar Projects in Japan Supported by over $300 Million Financing


Canadian Solar Starts Construction on 143 MWp of Solar Projects in Japan Supported by over $300 Million Financing
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Canadian Solar ) (NASDAQ: CSIQ) announced today that it has commenced construction on four solar projects in Japan totaling 143 MWp. This portfolio includes Canadian Solar s flagship mega-project, the 100 MWp Azuma Kofuji project located in the Fukushima Prefecture, and other projects totaling 43 MWp in the Ibaraki and Hiroshima Prefectures.
Azuma Kofuji 100 MWp
The Azuma Kofuji project is Canadian Solar s largest project in Japan to date and is also expected to be among the largest in the country. The project will be powered with Canadian Solar high efficiency HiKu modules and is expected to reach commercial operation in Q1 2023. The energy generated will be purchased by the Tohoku Electric Power Company at the rate of ¥36 ($0.34) per kWh. ....

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