The modules will be used by U.K. developer Solarcentury for its Cabrera and Talayuela Solar projects in southern Spain.
With figures at the end of last year boosted by profitable PV project sales, the manufacturer and developer is now nursing unflattering comparisons and aims to get more projects built and sold by the end of next month.
The 1.8 GW supply deal is the largest in Canadian Solar’s history and includes the company’s new BiHiKu high-efficiency bifacial modules.
Big names in the running for 45-55 MW project in Chittagong as developers scramble to take advantage of an income tax exemption for clean energy investment that is due to expire this year.
The Chinese-Canadian manufacturer has revealed that it has finalized a $50 million term loan from Credit Suisse. It plans to use the loan to fund the expansion of its global PV project pipeline.
The Chinese-Canadian business has extended and expanded its credit line to finance more solar development in Japan despite plunging FIT rates and other obstacles affecting the market.
There are four PV projects and all the facilities will use bifacial panels provided by the Brazilian factory of the Chinese-Canadian manufacturer.
Canadian Solar recorded net income of $237.1 million in 2018, from $99.6 million a year earlier, on annual PV module shipments of 6.62 GW.
Canadian Solar has been acquiring utility-scale projects and signing module supply and EPC deals at a rapid pace in recent months. Shawn Qu, Canadian Solar’s founder and CEO, would prefer the market to continue at a stable level, rather than boom and bust. And he argues that the dual role of module maker and developer delivers valuable insights into pricing and technology trends — giving the company an advantage over rivals.
The capacity comes from two solar parks and five wind power plants awarded firm energy obligations for 2022-2023. The Reliability Charge auctions were created by the Colombian government to ensure power supply during water shortages.
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