Canadian Solar Bags 86 MWp In Japan Solar Auction

by Anusuya Lahiri, Benzinga Editor
June 29, 2021 11:01 AM | 1 min read |
  • Canadian Solar Inc CSIQ won 86 MWp in Japan's 8th solar energy auction, accounting for the largest share of the total capacity auctioned.
  • The 86 MWp includes three projects in the Tohoku region: an 80 MWp project in Miyagi Prefecture, a 3 MWp project located in Fukushima Prefecture, and a 3 MWp project located in Aomori Prefecture.  
  • The projects will enter into a 20-year power purchase agreement with Tohoku Power Electric Company at a weighted average rate of ¥10.77 ($0.098) per kWh once constructed.
  • Canadian Solar expects the projects to reach commercial operation between 2024 and 2026.
  • Price action: CSIQ shares traded higher by 2.20% at $46.50 in the market session on the last check Tuesday.
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