Canadian Solar has topped the ranking of cumulative capacity of solar projects awarded under Japan’s feed-in tariff (FIT) auction programme since its launch in 2017, with 180MW.
Canadian Solar, through its wholly owned subsidiary Canadian Solar Projects and special purpose vehicles, leads by nearly double the capacity of the second developer in research published by Clean Tech Lab.
Clean Tech Lab, part of Nikkei BP Intelligence Group, tracks cumulative successful bids awarded under Japan’s FIT auction programme.
Canadian Solar entered the Japanese market more than a decade ago in both solar project development and solar module sales.
The Company has executed around 350MW solar projects in Japan since 2011 and has a backlog of 345MW, including 174 MW under construction as of 31 January 2022.
Canadian Solar chairman and CEO Shawn Qu said: “Our number one position in cumulative market share in Japan’s FiT auction program demonstrates our competitiveness in that market.
“I would like to thank our team for their efforts and solid execution. We remain committed to the Japanese solar market, where we foresee a strong PPA demand.
“We will leverage our expertise and leadership in both project development and solar modules sales to provide more clean and safe renewable energy in Japan.”