{"id":397,"date":"2019-12-10T14:06:01","date_gmt":"2019-12-10T05:06:01","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=397"},"modified":"2019-12-10T14:06:01","modified_gmt":"2019-12-10T05:06:01","slug":"canadian-solar-completes-jpy4-6-billion-asset-sale-to-csif-in-japan","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2019\/397.html","title":{"rendered":"CANADIAN SOLAR COMPLETES JPY4.6 BILLION ASSET SALE TO CSIF IN JAPAN"},"content":{"rendered":"\n
\n

GUELPH, Ontario<\/location>, Dec. 2, 2019<\/chron><\/span> \/PRNewswire\/ — Canadian Solar Inc.<\/org><\/a> (the “Company”, or “Canadian Solar<\/org>“) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has completed the sale of a 10.8 MWp operating solar power plant in Izu<\/org>-shi, Shizuoka Prefecture to Canadian Solar Infrastructure Fund, Inc.<\/org> (“CSIF”, Tokyo Stock Exchange<\/org> ticker 9284) for JPY4,569 million<\/money> (US$42.1 million<\/money>). <\/p>\n

The Izu<\/org>-shi solar power plant is powered by 30,202 Canadian Solar<\/org>KuMax modules<\/a>. It reached commercial operations in December 2018 and has been selling power to Tokyo Electric Power Co., Inc. under a 20-year feed-in-tariff contract at the rate of JPY36.0<\/money>(US$0.33)<\/money>\/kWh. <\/p>\n

Dr. Shawn Qu<\/person>, Chairman and Chief Executive Officer of Canadian Solar Inc.<\/org> commented, “We are pleased to successfully complete another asset sale to CSIF. We are confident this transaction will enhance CSIF’s existing high-quality portfolio and provide accretive growth in their cash flow and energy production. The size of the listed infrastructure sector in Japan<\/location> has more than doubled over the last two years, and along with that growth, CSIF has seen an increase in asset valuations.” <\/p>\n

In Japan<\/location>, Canadian Solar’s<\/org> late-stage portfolio of ready to build, under construction or operational projects stand at approximately 217 MWp with a weighted-average FIT of JPY36.0<\/money>(US$0.33)<\/money>\/kWh. <\/p>\n

SOURCE <\/span><\/span>Canadian Solar Inc.<\/p>\n

http:\/\/investors.canadiansolar.com\/news-releases\/news-release-details\/canadian-solar-completes-jpy46-billion-asset-sale-csif-japan<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

GUELPH, Ontario, Dec. 2, 2019 \/PRNewswire\/ — Canadian Solar Inc. (the “Company”, or “C […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-397","post","type-post","status-publish","format-standard","hentry","category-releases"],"_links":{"self":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/comments?post=397"}],"version-history":[{"count":2,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/397\/revisions"}],"predecessor-version":[{"id":399,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/397\/revisions\/399"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}