Canadian solar secures 30 mwp project in japan's 4th solar energy auction

Canadian solar inc. announced that it has been awarded a 30 mwp project in japan's 4th solar energy auction. the project is located in maniwa city within okayama prefecture and will be powered by high-efficiency canadian solar modules. once constructed, the project will enter into a 20-year power purchase agreement with chugoku power electric company at a rate of ¥13.47 ($0.12) per kwh. the company expects the project to reach commercial operation by 2024. in addition to the 30 mwp won in maniwa city, the company recently acquired five utility-scale solar power projects totaling 20.5 mwp that have secured feed-in-tariff contracts and are expected to reach commercial operation in the 2020-21 time frame.
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