The Canadian Solar chief repeated his belief the trend of ever-cheaper solar panels has come to an end and revealed, at the online BNEF event, his company is set to launch a 700 W module.
The German company will sell 70,000 tons of its product to the module maker over the course of a five-year contract.
The company shipped a record 5.1 GW of modules in the July-to-September period and expects to hit up to 19 GW for the year, with ‘nearly 100%’ of its products likely to be based on monocrystalline technology in 2020.
Just before the end of 2019, the module manufacturer sold a few hundred megawatts more than it initially anticipated, prompting last-minute revisions to its preliminary earnings estimates for the fourth quarter and full year.
The Shanghai solar manufacturer has revealed another set of record-breaking quarterly figures and says it will shift 18-20 GW of modules in 2020, en route to generating revenues of $1.17-1.23 billion.
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