Canadian Solar Begins Commercial Operation of Four Solar Power Plants in Japan

GUELPH, Ontario — Canadian Solar Inc. recently announced that it started the commercial operation of four solar photovoltaic (PV) power plants in Japan, totaling approximately 8.6 MWp.

The 8.6 MWp portfolio of projects include the 2.6 MWp Hijimachi Fujiwara solar power plant in Hayami-gun, Oita Prefecture, the 2.2 MWp Koba solar power plant in Isa-shi City, Kagoshima Prefecture, the 2.1 MWp Tsukuba Holes solar power plant in Kasama-shi City, Ibaraki Prefecture and the 1.7 MWp Yusuicho solar power plant in Aira-gun, Kagoshima Prefecture.

Financing for these four projects is being provided by Rabobank Hong Kong, pursuant to a credit agreement announced on July 28, 2015. As previously disclosed, the credit facility has a two-year maturity and will be used to finance the construction of an initial portfolio of up to 20 MWp of the Company’s solar power plants in Japan.

“We are pleased to start commercial operation of four additional solar projects totaling 8.6 MWp, which brings our total megawatts in operation in Japan close to 15 MWp,” commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc. “We remain positive on the opportunities ahead for our energy business in Japan and remain committed to delivering reliable solar energy solutions around the world.”

More information about the four power plants can be found here.


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