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.
Japan’s first FIP PV projects operational
Projects in Tsukuba City and Daisen Town generate additional revenue through Non-Fossil Certificates. (Image Credit: Canadian Solar)
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