Canadian Solar Initiates First Feed-In Premium Projects In Japan, Signs Power Purchase Agreement With Toyota Tsusho
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar has initiated its first Feed-In Premium (FIP) projects in Japan and signed a Power Purchase Agreement with Toyota Tsusho. The projects include a 1.2 MWp project in Tsukuba City and a 1.9 MWp project in Daisen Town, both powered by CS7N-660W bifacial modules. Initially awarded a feed-in tariff (FIT), the projects were switched to FIP to meet the rising demand for renewable energy, generating additional revenue through Non-Fossil Certificates (NFCs).
June 17, 2024 | 11:03 am
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Canadian Solar has launched its first Feed-In Premium (FIP) projects in Japan and signed a Power Purchase Agreement with Toyota Tsusho. The projects are expected to generate additional revenue through Non-Fossil Certificates (NFCs).
The launch of FIP projects and the signing of a PPA with Toyota Tsusho are significant milestones for Canadian Solar. The switch from FIT to FIP is expected to generate additional revenue through NFCs, which is positive for the company's financial outlook.
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