Canadian Solar

Canadian Solar has signed a credit facility of up to JPY 16 billion ($149 million) with Shinsei Bank to back the construction of a 53.4 MWp solar project in southwestern Japan.

The already operational power plants sold for US$267.7 million comprise 272,000 Canadian Solar modules in total. Canadian Solar is set to provide operations and maintenance services to the plant, which could generate up to 142,000 MW per year for its new owner, based in the U.K.

State Power Investment Corporation (SPIC) and GCL New Energy have taken the top spots for installed capacity, but Canadian Solar and First Solar are showing impressive pipelines.

The Japanese infrastructure arm of Canadian Solar, Canadian Solar Asset Management, has acquired ownership of two large-scale Japanese solar farms, while also taking out a loan of JPY 900 million.

Japan’s first solar PV auction has reaped disappointing results, with just 41 MW set to be developed. Under the revised FIT, meanwhile, 27.7 GW were cancelled. Despite this, JPEA is aiming for 200 GW of solar PV installs by 2050. Overall, cumulative installed capacity has reached over 40 GW. There are still many plans afoot for large-scale projects, although it is the rooftop sector, which holds the most promise.

The Santiago solar plant, located near the country’s capital city, Santiago, will sell its output to local power distributors and to the spot market.

The Chinese Tier 1 solar company had hoped to finalize the sale of six PV power projects in the fourth quarter of last year, but delays to necessary government approvals mean Q4 revenue is lively to be around $700 million lower than expected.

Canadian Solar Inc. has sold another three of its solar PV plants to Shenzhen Energy Nanjing Holding Co., Ltd. The undisclosed revenue will be recognized in the company’s Q4 2017 earnings.

Wuxi Suntech Power Co., Ltd has announced its high efficiency black silicon solar cells have successfully entered mass production. It is targeting an annual capacity of 500 MW by Q1 2018.

In the U.K., Canadian Solar Inc. has closed a refinancing deal worth GBP41.9 million (US$56 million) with BayernLB. Meanwhile, in Canada, it has signed an Operation & Maintenance (O&M) agreement with Axium Infinity Solar LP for eight PV plants totaling 105.5 MW.