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Canadian Solar to Supply 43 Megawatts of Panels to Japan Project

Canadian Solar Inc. (CSIQ), the best-performing solar maker in the past year, won a contract to supply 43 megawatts of modules for Japan’s second-largest solar project.

Deliveries will start next month, Guelph, Ontario-based Canadian Solar said today in a statement. The buyer and terms of the deal weren’t disclosed.

Solar installations more than doubled in Japan last year, making it the biggest solar market after China, as the country promoted wider use of renewable energy after the Fukushima nuclear disaster in 2011.

Canadian Solar increased more than sevenfold in the past year, the most in the 17-member Bloomberg Industries Global Large Solar Energy Index.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Will Wade at wwade4@bloomberg.net Stephen Cunningham

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