Shawn Qu

Having warned of in-house solar wafer and cell capacity as recently as the third quarter of 2021, the company has announced it will be adding even more production lines this year.

The Chinese-Canadian company has secured the signature of Swiss energy business Axpo as offtaker for around 109GWh of solar electricity over a decade, with the clean power to be produced at Canadian Solar projects in Lazio and Sicily.

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.

Canadian Solar has banked the cash for its growing portfolio of solar projects in a nation which had module demand of 5 GW last year.

The two big solar players are preparing to list big slices of their business on the STAR market tech board.

Canadian Solar is pivoting towards energy storage and is preparing to IPO its manufacturing and Chinese solar project activity in China, under the CSI Solar operation, by July.

The Ontario-based solar company will pay US$13 million to settle a class action filed in August 2010, after the Ontario Superior Court approved the offer.

The solar manufacturer’s impressive third-quarter gross margin is set to fall back in the current three-month window because global shortages have seen some material costs double since the world came out of Covid-19 shock.

The Sino-Canadian solar manufacturer has moved to settle a ten-year-old case in which it was accused of breaching generally accepted accounting principles in its 2009 figures. The company has indicated the settlement, which is yet to be approved, is not an indication of guilt.

The company said that multicrystalline modules accounted for 68% of its shipments in the fourth quarter and 74% for all of 2019, with monocrystalline modules accounting for 32% and 26%, respectively.