Canadian Solar (CSIQ) Activates Four PV Plants In Japan
Zacks Investment Research | Jul 18, 2017 10:26PM ET
Solar module manufacturer, Canadian Solar Inc. (NASDAQ:CSIQ) announced that its high-efficiency MaxPower modules are being used to power four solar power plants in Japan. These plants have a combined capacity of 52.5 megawatt-peaks (MWp) of green energy. Three of the power plants namely Yamagata Asahimachi, Shizuoka Tashiro and Saitama Shiroishi plants were connected to the grid in Mar 2017 while Mashiki plant was brought live in Jun 2017.
Details of the Operation
The 47.7 MWp Mashiki plant, which is the largest solar power plant ever built in Japan, is likely to generate nearly 57,000 Megawatt-hour (MWh) of solar electricity per year, at the rate of JPY36.0 (32 cents) per Kilowatt-hour (kWh). The other three plants are expected to produce around 5,429 MWh electricity per year at JPY32.0 (28 cents), JPY36.0 (32 cents) and JPY27.0 (24 cents) respectively.
The electricity generated will be bought by Kyushu Electric Power Co., Inc. under a 20-year feed-in-tariff contract and powered by Canadian Solar's high-efficiency MaxPower modules.
International Solar Projects of Canadian Solar
In June, Canadian Solar announced the divestment of 80% stake in Pirapora II solar energy project to EDF (PA:EDF) EN do Brasil – the Brazilian subsidiary of renewable energy market leader, EDF Energies Nouvelles, with commercial operations expected to begin in 2018. (Read more: Original post
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