Canadian Solar starts operation of FIP PV projects in Japan

By Editor


Canadian Solar announced that it started operation of its first portfolio of Japan’s feed-in premium (FIP) PV projects on June 1, 2024.

These solar energy projects include a 1.2 MWp project in Tsukuba City, Ibaraki Prefecture and a 1.9 MWp project in Daisen Town, Tottori Prefecture. Canadian Solar have supplied its CS7N-660W bifacial modules for powering these two projects.

Canadian Solar decided to switch the projects from a feed-in tariff (FIT) to FIP in response to the demand for renewable energy though it won as the FIT project through auctions in 2020. FIP-awarded projects will generate additional revenue through Non-Fossil Certificates (NFCs).

Canadian Solar has entered into a 20-year Power Purchase Agreement (PPA) with Toyota Tsusho Corporation.

“Since launching our Japan PV development business in 2012, we have focused on FIT, as many of our investors preferred the stable cash flows backed by government programs. Today, enterprises are increasingly demanding clean energy to power their businesses,” Ryota Yamada, General Manager of Canadian Solar’s Japan Energy Group.

Canadian Solar says its project development business in Japan totaled 240 MWp and 1.675 GWh for solar and energy storage, respectively, as of March 31, 2024.

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