With Latin America and the Caribbean expected to be big emerging markets for photovoltaics, Canadian Solar has made the decision to move into Brazil to establish a strong base for the company. The company is expandng into this emerging solar region with a strong product portfolio for commercial, utility-scale and off-grid markets. Also in the plans is the aim to further develop the company’s utility-scale project development, and create a residential and commerical customer base in the new South American market.
"South America has long been a promising market for solar, and having a strong presence in Brazil is a strategic move for Canadian Solar," said Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. "Canadian Solar has a proven track record of success around the globe and we look forward to replicating this momentum in the South American market. We are also proud to bring on board a new general manager for South America, Claudio Loureiro, who was instrumental in launching Canadian Solar operations in this new market."