Japan’s first FIP PV projects operational

Canadian Solar Inc. has announced the commercial operation of its first portfolio of Japan’s feed-in premium (FIP) PV projects on June 1, 2024. These projects include a 1.2 MWp site in Tsukuba City and a 1.9 MWp site in Daisen Town, powered by CS7N-660W bifacial modules. Initially awarded a feed-in tariff (FIT), the projects switched to FIP to meet rising renewable energy demand, generating additional revenue through Non-Fossil Certificates (NFCs). Toyota Tsusho Corporation, part of the Toyota Group, has secured a 20-year Power Purchase Agreement (PPA) for 100% of the PV power and NFCs generated. Canadian Solar’s project development in Japan totals 240 MWp and 1.675 GWh for solar and energy storage as of March 2024.