Canadian Solar tops Japanese PV market
- Company has secured 180MW of capacity under the country's FIT auctions according to Nikkei BP Intelligence Group
Canadian Solar has actually topped the ranking of cumulative capacity of solar projects awarded under Japan's feed-in tariff (FIT) auction programme given that its launch in 2017, with 180MW.
Canadian Solar, through its wholly had subsidiary Canadian Solar Projects and special purpose vehicles, leads by almost dual the capacity of the 2nd programmer in study published by Clean Tech Lab.
Clean Tech Lab, part of Nikkei BP Intelligence Group, tracks cumulative effective bids granted under Japan's FIT auction programme.
Canadian Solar entered the Japanese market more than a decade back in both solar project development and solar module sales.
The Company has executed around 350MW solar projects in Japan considering that 2011 and has a backlog of 345MW, consisting of 174 MW under construction since 31 January 2022.
Canadian Solar chairman and chief executive officer Shawn Qu stated: "Our number one position in cumulative market share in Japan's FiT auction program demonstrates our competitiveness in that market.
" I would love to thank our group for their efforts and strong execution. We remain committed to the Japanese solar market, where we foresee a solid PPA demand.
" We will utilize our expertise and leadership in both project development and solar modules sales to supply more clean and safe renewable resource in Japan."
