Toyota Tsusho secures solar power from Canadian Solar in Japan

Jun 19, 2024 11:48 AM ET
  • Canadian Solar Inc shines in Japan with two new photovoltaic parks, partnering with Toyota Tsusho Corp for sustainable energy solutions.

Canadian Solar Inc has launched commercial operations at two photovoltaic parks in Japan under the country's feed-in premium regime. The company has signed a 20-year power purchase agreement with Toyota Tsusho Corp for the output of the 1.2-MWp solar farm in Tsukuba City and the 1.9-MWp plant in Daisen Town. Toyota Tsusho will offtake the electricity generation and receive Non-Fossil Certificates for its corporate customers.

The projects, equipped with CS7N-660W bifacial modules, were initially awarded a feed-in tariff in 2020 but later moved to the FIP scheme due to increased demand for renewable energy. Canadian Solar has 240 MWp of solar and 1.7 GWh of energy storage in its development pipeline in Japan as of end-March, aiming to support Japanese corporations in meeting their clean energy needs.

What is Canadian Solar Inc's strategy for supporting Japanese corporations' clean energy needs?

  • Canadian Solar Inc's strategy for supporting Japanese corporations' clean energy needs involves launching commercial operations at photovoltaic parks in Japan under the country's feed-in premium regime.
  • The company has signed a 20-year power purchase agreement with Toyota Tsusho Corp for the output of solar farms in Tsukuba City and Daisen Town.
  • Toyota Tsusho will offtake the electricity generation and receive Non-Fossil Certificates for its corporate customers.
  • The projects are equipped with CS7N-660W bifacial modules to maximize energy generation.
  • Canadian Solar has 240 MWp of solar and 1.7 GWh of energy storage in its development pipeline in Japan as of end-March, aiming to further support Japanese corporations in meeting their clean energy needs.

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