Canadian Solar announced it has acquired exclusive rights to develop an 8 MWp solar photovoltaic (PV) project in Gangwon Province, South Korea, the Company’s first solar project there. The construction of this project will start in early 2019.
The South Korea solar market is not new to Canadian Solar. In 2008, Canadian Solar Korea Branch was established. Since then, Canadian Solar has kept the No.1 position in Korea PV market among foreign module makers for 10 years in a row.
The Korean Government has recently increased its solar capacity installation target to 36.5 gigawatts from 5.7 gigawatts with the goal of generating 20% of its electricity from renewable energy sources by 2030.
Canadian Solar has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 17 years, Canadian Solar has successfully delivered over 26 GW of premium quality modules to over 100 countries around the world.