Canadian Solar to build and operate 55 MW solar plant in Japan
Canadian Solar will build and operate Japan’s 55 MW Yamaguchi Shin Mine solar plant, securing $141.5m in finance to support the initiative. The loan was arranged by Hanwha Asset Management and has a 17 year maturity. The plant is the single largest investment Canadian Solar has made in Japan to date. The company already has 597 MW of utility scale projects in late-stage development in the country.

Canadian Solar has closed ¥14.9bn ($141.5m) in finance to build and operate the 55MW Yamaguchi Shin Mine solar plant in Japan.



The senior and subordinate non-recourse term loan facilities were arranged by Hanwha Asset Management and have a maturity of 17 years.

Canadian Solar chairman and chief executive Shawn Qu said: “This is our largest investment in Japan to date and represents a significant milestone in the build-out of our solar power pipeline.“Japan is a key growth market for the company, where we have 597MW of utility scale projects in late-stage development.”