{"id":624,"date":"2020-11-25T15:24:54","date_gmt":"2020-11-25T06:24:54","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=624"},"modified":"2020-11-25T11:51:26","modified_gmt":"2020-11-25T02:51:26","slug":"canadian-solar-continues-its-success-in-japans-fit-auctions","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2020\/624.html","title":{"rendered":"Canadian Solar Continues Its Success in Japan&#8217;s FIT Auctions"},"content":{"rendered":"<p style=\"box-sizing: border-box; outline: none !important; margin: 0px 0px 10px; color: #77777a; font-family: 'Noto Sans', Calibri, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgba(255, 255, 255, 0.9); text-decoration-style: initial; text-decoration-color: initial;\"><span style=\"color: #000000;\">GUELPH, ON,\u00a0Nov.\u00a012, 2020\u00a0\/PRNewswire\/ &#8212;<span style=\"color: #993300;\">\u00a0<a style=\"color: #993300;\" href=\"http:\/\/www.canadiansolar.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Canadian Solar Inc.<\/a><\/span>\u00a0(the &#8220;Company&#8221;, or &#8220;Canadian Solar&#8221;) (NASDAQ: CSIQ), one of the world&#8217;s largest solar power companies, announced today that two of its projects in\u00a0Japan\u00a0have been awarded feed-in-tariffs under the 6<sup>th<\/sup>\u00a0FIT Auction. The projects total 22 MWp and are located in the central prefectures of\u00a0Gunma\u00a0and\u00a0Ibaraki. The\u00a0Gunma\u00a0project is\u00a0Canadian Solar&#8217;s\u00a0fourth development in that prefecture and will be the Company&#8217;s sixth golf course conversion project in\u00a0Japan.<\/span><\/p>\n<p style=\"box-sizing: border-box; outline: none !important; margin: 0px 0px 10px; color: #77777a; font-family: 'Noto Sans', Calibri, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgba(255, 255, 255, 0.9); text-decoration-style: initial; text-decoration-color: initial;\"><span style=\"color: #000000;\">Both projects will be powered by\u00a0<span style=\"color: #993300;\"><a style=\"color: #993300;\" href=\"https:\/\/www.csisolar.com\/module\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Canadian Solar&#8217;s\u00a0high efficiency modules<\/a><\/span>. Once constructed, they will enter into a 20-year power purchase agreement with Tokyo Electric Power Company at the rate of \u00a511.99 ($0.114) per kWh. The Company expects the projects to reach\u00a0commercial operation by 2025 and contribute to future growth opportunities for the\u00a0<span style=\"color: #993300;\"><a style=\"color: #993300;\" href=\"https:\/\/www.canadiansolarinfra.com\/en\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Canadian Solar Infrastructure Fund<\/a><\/span>\u00a0listed on the\u00a0Tokyo Stock Exchange.<\/span><\/p>\n<p style=\"box-sizing: border-box; outline: none !important; margin: 0px 0px 10px; color: #77777a; font-family: 'Noto Sans', Calibri, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgba(255, 255, 255, 0.9); text-decoration-style: initial; text-decoration-color: initial;\"><span style=\"color: #000000;\">&#8220;Canadian Solar&#8217;s\u00a0Energy business continues to demonstrate its market leadership in\u00a0Japan\u00a0with this successful auction result. Since launching our Japanese solar development business in 2011, we have built and connected 40 solar plants or 290 MWp across 20 prefectures, making us one of the largest utility-scale solar developers in\u00a0Japan,&#8221; commented\u00a0<span style=\"color: #993300;\"><a style=\"color: #993300;\" href=\"https:\/\/www.linkedin.com\/in\/shawnqu\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Dr.<\/a><a style=\"color: #993300;\" href=\"https:\/\/www.linkedin.com\/in\/shawnqu\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">\u00a0Shawn Qu<\/a>,<\/span> Chairman and CEO of\u00a0Canadian Solar.<\/span><\/p>\n<p style=\"box-sizing: border-box; outline: none !important; margin: 0px 0px 10px; color: #77777a; font-family: 'Noto Sans', Calibri, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgba(255, 255, 255, 0.9); text-decoration-style: initial; text-decoration-color: initial;\"><span style=\"color: #000000;\">He added, &#8220;In addition to the newly awarded projects announced today, we have a robust pipeline of projects in\u00a0Japan\u00a0with approximately 290 MWp under development and construction and over 80 MWp in operation, which combined have a weighted average FIT of approximately \u00a528 ($0.29) per kWh, significantly higher than the global average. We are confident and proud that these projects will be delivered in the near future and contribute to the country&#8217;s decarbonization and energy security efforts.&#8221;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GUELPH, ON,\u00a0Nov.\u00a012, 2020\u00a0\/PRNewswire\/ &#8212;\u00a0Canadian Solar Inc.\u00a0(the &#8220;Company&#8221;, or &#8220;Canad [&hellip;]<\/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-624","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\/624","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=624"}],"version-history":[{"count":3,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/624\/revisions"}],"predecessor-version":[{"id":627,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/624\/revisions\/627"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}