Canadian Solar Sells 100 MW Solar Project in Japan
The Azuma Kofuji solar project started commercial operation in Q3 2022.
June 5, 2023
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Canadian Solar, a vertically integrated manufacturer of silicon ingots, wafers, and PV cells and modules, completed the sale of 100 MW Azuma Kofuji solar project located in Fukushima, Japan, to Japanese investors arranged by Mizuho Securities Co., Ltd (“Mizuho Fund”). Canadian Solar expects to recognize the revenue from the transaction in the second quarter of 2023. Recurrent Energy’s local subsidiary will continue to provide long-term operations and maintenance services for the plant after the transaction.
