Canadian Solar starts operation of four Japanese solar power plants

Solar power project elp 3

Canadian Solar started the commercial operation of four solar photovoltaic power plants in Japan, totaling about 8.6 MW.

The 8.6 MW portfolio of projects include the 2.6 MW Hijimachi Fujiwara solar power plant in Hayami-gun, Oita Prefecture, the 2.2 MW Koba solar power plant in Isa-shi City, Kagoshima Prefecture, the 2.1 MW Tsukuba Holes solar power plant in Kasama-shi City, Ibaraki Prefecture and the 1.7 MW 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 MW of the company's solar power plants in Japan.

The 2.6 MW Hijimachi Fujiwara solar plant, powered by 10,098 Canadian Solar CS6P-255P modules, achieved commercial operation on October 13, 2015. The electricity generated from this plant, about 3,101 MWh annually, will be purchased by Kyushu Electric Power Co. Inc. under a 20 year feed-in-tariff contract at the rate of $0.30 per kWh.

The 2.2 MW Koba solar plant powered by 8,558 Canadian Solar CS6P-260P modules, achieved commercial operation on September 16, 2015. The electricity generated from the plant, about 2,810 MWh annually, will be purchased by Kyushu Electric Power Co. Inc. under a 20 year feed-in-tariff contract at the rate of $0.34 per kWh.

The 2.1 MW Tsukuba Holes solar plant powered by 8,250 Canadian Solar CS6P-255P modules, achieved commercial operation on September 24, 2015. This plant is expected to generate about 2,199 MWh of clean, solar electricity annually to be purchased by Tokyo Electric Power Co. Inc. under a 20 year feed-in-tariff contract at the rate of $0.34 per kWh.

And finally the 1.7 MW Yusuicho solar plant powered by 6,860 Canadian Solar CS6P-255P modules, achieved commercial operation on August 21, 2015. This plant is expected to generate about 2,226 MWh of clean, emission-less solar electricity every year, which will be purchased by Kyushu Electric Power Co. Inc. under a 20 year feed-in-tariff contract at the rate of  $0.30 per kWh.

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