Canadian Solar to supply 112 MW of PV modules to Sunrun in 2016


Today Canadian Solar announced that it will supply Sunrun with 112 MW of its CS6P-265P multicrystalline silicon solar PV modules during 2016. This is a large order even for the U.S. market, where a rush of installations is expected in advance of the drop-down of the Investment Tax Credit at the end of 2016.

GTM Research Solar Analyst Nicole Litvak notes that Sunrun has used mostly REC Solar modules for the past two years, but was not able to comment on why the company might be diversifying.

It is also unclear where Canadian Solar is supplying these modules from, and the company declined to provide any information beyond the sparse facts in the press release.

In this release Canadian Solar notes that it is the largest North American module maker. However, if these modules are made in the company's Ontario factories they will still need to source cells. If the cells in these modules come from Canadian Solar's Chinese production, the modules will be subject to 2012 import duty levels.

REC Solar cells and modules are made at a vertically integrated factory in Singapore and are not subject to U.S. import duties.

Sunrun both supplies its third-party financing solutions to a network of solar installers and hosts a direct installation business, which is responsible for about half of its deployments. Through direct installations alone, Sunrun is the third-largest residential installer in the United States.

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