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)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)