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Canadian Solar Inc. announced winning three BESS projects totaling 193 MW in Japan's first LTDA, securing 13.3% of awarded projects. Projects in Aomori, Fukushima, and Yamaguchi prefectures will feature SolBank 3.0 system and commence operations between 2027-2028. Capacity Reserve Agreements will be signed with OCCTO, providing Capacity Reserve Payments over 20 years.
Canadian Solar Inc. (CSIQ) won Environmental Finance's Green Project Bond of the Year award for its JPY 18.5 billion green samurai private placement. The innovative bond enhances liquidity and flexibility, empowering Canadian Solar's global development business, Recurrent Energy. Japan Credit Rating Agency, (JCR) assigned the bond an investment grade rating of 'A-' and the highest Green 1 rating under Japanese Green Bond guidelines. Canadian Solar previously won this award in 2018. Dr. Shawn Qu, Chairman and CEO of Canadian Solar, expressed gratitude for the recognition, highlighting the company's innovative financing strategies and global expansion in renewable energy.