Canadian Solar completes JPY 4.6 billion asset sale to CSIF in Japan

Canadian Solar Inc. has completed the sale of a 10.8 MW operating solar power plant in Izu-shi, Shizuoka Prefecture to Canadian Solar Infrastructure Fund, Inc. (CSIF) for JPY 4,569 million ($42.1 million). The Izu-shi solar power plant is powered by 30,202 Canadian Solar KuMax modules. It reached commercial operations in December 2018 and has been selling power to Tokyo Electric Power Co., Inc. under a 20-year feed-in-tariff contract at the rate of JPY 36.0 ($0.33) per kWh.
In Japan, Canadian Solar's late-stage portfolio of ready to build, under construction or operational projects stand at approximately 217 MW with a weighted-average FIT of JPY 36.0 ($0.33) per kWh.

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