Canadian Solar Inc. has sold its 100 MW Azuma Kofuji solar project, located in Japan’s Fukushima prefecture. Mizuho Securities Co. Ltd. facilitated the sale to Japanese investors.
Recurrent Energy‘s local subsidiary will continue to provide long-term operations and maintenance services for the plant after the transaction.
The Azuma Kofuji solar project began commercial operation in the third quarter of 2022. It is Canadian Solar’s largest project in Japan and Fukushima prefecture’s largest operational solar project to date, producing nearly 110 GWh of energy yearly, supporting approximately 31,000 households.
The project is powered with Canadian Solar high-efficiency HiKu modules, and the energy generated is being purchased by the Tohoku Electric Power Co.
Chairman and CEO of Canadian Solar, Dr. Shawn Qu, says: “The dedication by everyone in the team allowed us to develop the project from a piece of abandoned agricultural land to what it is today. The successful delivery and sale of the largest PV project in Fukushima Prefecture is another example of Recurrent Energy’s strong execution capabilities in the global project development business.”