Canadian Solar Inc. announced it has acquired exclusive rights to develop an 8MWp solar photovoltaic project in Gangwon Province, South Korea. The construction of this project will start in early 2019.
"We are excited to further expand our global project development business to South Korea," Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar commented. "The Korean Government has recently increased its solar capacity installation target to 36.5GW from 5.7GW in order to generate 20% of electricity from renewable energy sources by 2030. With our high efficiency and high quality module supply capabilities and global solar project development experience, Canadian Solar is ready to support our Korean partners and customers to meet their 2030 solar energy target."