Canadian Solar, the vertically integrated solar manufacturer and project developer, secured ¥14.9bn ($141.5m) in loans to build a 55MW solar plant in Japan, representing its largest investment to date in the country.
Japan has become the second largest target market for Canadian Solar’s downstream development activities, trailing only the US, where its Recurrent Energy subsidiary is based.
Ontario-based Canadian Solar plans to launch a Japanese yieldco – or a solar real-estate investment trust (J-REIT) – on the Tokyo Stock Exchange in mid-2017, to house some of its solar projects.
