Three Japanese Solar Projects of 42 MW Capacity Powered up by Canadian Solar
- Manufacturer of solar PV modules which also looks into large-scale solar projects, Canadian Solar, has shared that 3 of its solar power projects based have actually accomplished industrial operation in the first quarter of 2023. The cumulative capacity of these projects is 42 MWp.
Maker of solar PV modules which also delves into large range solar projects, Canadian Solar, has actually shared that three of its solar power projects based have actually accomplished business operation in the very first quarter of 2023. The cumulative capacity of these projects is 42 MWp.
The claimed projects lie in Oita Kitsuki, Gunma Takasaki as well as Yamaguchi Hofu. The 3 projects are being powered up by Canadian Solar bifacial BiHiKu modules. Grid operators (of corresponding areas) are acquiring the power generated by the projects. This is being done under feed-in-tariff programme by Japan for near 19 years at the rates of JPY32 (US$ 0.24), JPY14.49 (US$ 0.11), and also JPY14.25 (US$ 0.10) per kWh.
Together, the 3 projects will certainly create 53,000 MWh of renewable resource. This power, subsequently, will supply to almost 15,000 houses. This converts to preventing close to 24,000 tonnes of yearly carbon emissions.
Dr Shawn Qu, Chairman as well as Chief Executive of Canadian Solar, remarked, "We are delighted to be part of the green transformation that Japan is completing these additions to our profile. Our groups worked closely with the neighborhood neighborhoods and governments to bring these projects to fulfillment. Working closely with local community to cultivate a sustainable long-term partnership is among our ESG lasting development objectives." He further claimed, "Canadian Solar's Sustainability Report supplies a comprehensive discussion on our ESG objectives, targets and strategies. The Oita Kitsuki project was our very first website where we installed a Static Synchronous Compensator (STATCOM), a much more tough power high quality demand that will meaningfully help improve the grid's integrity given the expanding number of interconnected solar farms. On the other hand, the Gunma Takasaki as well as Yamaguchi Hofu projects were awarded FITs using the solar auction held in 2018." He shed light on all that the projects have to supply, "Regardless of market uncertainties over the usefulness of building advancements with JPY14 per kWh at the time of the auction, our team continued as well as today has confirmed the ability to create value as well as develop solar farms that will certainly profit both neighborhood communities along with capitalists."
Lately, Canadian Solar Inc. introduced that Canadian Solar EMEA Capital Markets, its wholly-owned subsidiary in Spain, has registered its EUR 100 million medium term note program in the MARF (a Spanish multilateral trading facility).