Canadian Solar Bags 86 MWp In Japan Solar Auction

June 29, 2021 11:01 AM | 1 min read | Make a Comment

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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