Canadian Solar Inc. announced that the 100 MWp Azuma Kofuji solar project located in the Fukushima Prefecture has reached commercial operation. The Azuma Kofuji project is powered with Canadian Solar high efficiency HiKu modules and the energy generated is being purchased by the Tohoku Electric Power Company at the rate of JPY36 (USD 0.26) per kWh under Japan’s feed-in-tariff program for over 18 years. Canadian Solar’s local subsidiary will perform the long-term operations and maintenance of the power plant.
Built on 460 acres, Azuma Kofuji is expected to produce circa 106,800 MWh of clean and reliable energy, enough to power approximately 31,000 households and avoid over 50,000 metrics tons of CO2-equivalent emissions per year. Furthermore, the project will donate a share of the electricity sales revenues to Fukushima City, funds of which will be used to promote local agricultural sector activities.
The project is expected to participate in the Climate Bonds green certification process which is compatible with the new European Union Green Bond Standard.