Canadian Solar has acquired rights to develop an 8 MWp solar photovoltaic (PV) project in Gangwon Province, South Korea.
The company said it will start construction of this project in early 2019’s. This is the first solar project in Gangwon Province for Canadian Solar. The solar company did not divulge financial details of the project.
In 2008, Canadian Solar Korea Branch was established. Since then, Canadian Solar has kept the No.1 position in Korea PV market among foreign module makers for 10 years in a row.
The Korean Government has recently increased its solar capacity installation target to 36.5 gigawatts from 5.7 gigawatts in order to generate 20 percent of electricity from renewable energy sources by 2030.
“With our high efficiency and high quality module supply capabilities and solar project development experience, Canadian Solar is ready to support our Korean partners and customers to meet their 2030 solar energy target,” Shawn Qu, chief executive officer of Canadian Solar, said.