Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that its 56.3MWp solar power project in Japan reached commercial operation last month.
The Yamaguchi Shin Mine project solar power system, powered by 173,000 Canadian SolarCS6U modules, is expected to generate approximately 66,000MWh of electricity every year. Chugoku Electric Power Company, Inc. will purchase the solar power under a 20-year feed-in-tariff contract at the rate of ¥36.0 ($0.32) per kWh.
“This is the largest solar project we have built in Japan, which once again shows our solar project development capability in this market. We now have a total of 141.9MWp of operating solar power assets in Japan, not including the 81MWp of project assets we sold previously,” said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc., “We are glad to convert an abandoned 27-hole golf course into a solar plant, which will now provide clean renewable energy for thousands of people for decades to come.”
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