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Canadian Solar Announces Operations Of Three Solar Power Plants In Japan

|Includes: Canadian Solar Inc. (CSIQ)

Canadian Solar Announces Operations Of Three Solar Power Plants In Japan

Canadian Solar has managed to complete three solar power plant project in Japan crossing geographical boundaries.

Canadian Solar recently announced of generating three photovoltaic power plants situated in Japan. The company does not hesitate to cross geographical boundaries. The renewable energy maker is starting commercial operation of these power plants in the region that will generate almost 6.2 Megawatts.

The three operational plants include Canadian Solar Inc. Ashikita solar power plant in Kumamoto City, which is capable of generating 2.3MWp. The second project is in Kumamoto Prefecture East, called 2.2MWp Minashimabara power plant, and lastly, the third plant is 1.7MWp Minashimabara in Nagasaki Prefecture.

The Ashikita project in Japan is going to be powered by the company's solar modules, CS6P-260P and has the capability to generate approximately 2,858MWh annually. Same power modules are going to be used in the Minamishimabara plant (OTC:EAST), which has been in operations since the December 25, 2015. The project will make 2,750MWh of electricity annually. The West Minamishimabara plant has been operational since January 29, 2016 and generates 2,073MWh of power each year.

Kyushu Electric Power will purchase the solar power energy produced by these plants through a 20-year feed in tariff contract, 34 cents per kilowatt per hour. The completion and operations of these projects mean that Canadian Solar now has 21MWp plants in Japan, which is good news for the business, as this has been its aim for a very long time. The renewable energy maker is setting a strong foothold in the country and is continuing to do so while making this country its major import market in the years to come.

Canadian Solar's chairman and CEO, Dr. Shawn Qu, said a few words regarding the development. He said, "The completion and commercial operation of the additional three solar projects, totaling 6.2MWp, brings our total megawatts of projects in operation in Japan to approximately 21MWp. We remain on track to execute on our plan to deliver more clean solar energy to the Japanese market."

Canadian Solar aims to cross all geographical boundaries and reach as many countries as possible, providing them with its module and power plants. This is not just profitable for the business but also the world. Ironically, these energy plants help to save the environment and stop global warming.

The power organization has flourished in the huge markets of South Korea, Brazil and Singapore and is evidently not stopping there. The completion of the three power plants in Japan makes it clear that it is spreading everywhere possible while providing people with renewable sources of energy.