Canadian Solar has announced a joint venture and an 18MW distribution deal with West Holding, Japan. The agreement specifies a transfer of 14% of the shares in Canadian Solar Japan to West Holding.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Canadian Solar will retain the remaining 86% of the shares, while West Holding will distribute and sell solar residential rooftop systems designed by Canadian Solar Japan. The sales target for 2010 is set at approximately 18MW, the deliveries began back in December 2009.
Shawn Qu, chairman and CEO, said, “West Holding is a leading independent distributor of residential solar systems in Japan and is very experienced in distributing, marketing and selling imported PV modules. This was a key criterion in our selection of this company as one of our partners in Japan. Our high-powered, cost effective modules coupled with their strength as a distributor and local understanding of marketing and sales will help make both companies successful in Japan.”
Takashi Kikawa, CEO of WHD said, “We are very pleased to work with global leader Canadian Solar. The cooperation between our companies will allow us to continue to develop the Japanese market for their PV modules and accelerate our green energy business.”