Dr. Shawn Qu
Canadian Solar Inc. has offered its 100 MW Azuma Kofuji solar venture, situated in Japan’s Fukushima prefecture. Mizuho Securities Co. Ltd. facilitated the sale to Japanese traders.
Recurrent Energy‘s native subsidiary will proceed to supply long-term operations and upkeep companies for the plant after the transaction.
The Azuma Kofuji solar venture started industrial operation within the third quarter of 2022. It is Canadian Solar’s largest venture in Japan and Fukushima prefecture’s largest operational solar venture so far, producing practically 110 GWh of energy yearly, supporting roughly 31,000 households.
The venture is powered with Canadian Solar high-efficiency HiKu modules, and the energy generated is being bought by the Tohoku Electric Power Co.
Chairman and CEO of Canadian Solar, Dr. Shawn Qu, says: “The dedication by everyone in the team allowed us to develop the project from a piece of abandoned agricultural land to what it is today. The successful delivery and sale of the largest PV project in Fukushima Prefecture is another example of Recurrent Energy’s strong execution capabilities in the global project development business.”