Canadian Solar Financial Results Q1 FY21 Out; 32% YoY Rise in Revenue Updated On Fri, May 21st, 2021 by Saurenergy Guelph-headquartered solar PV modules manufacturer Canadian Solar Inc. yesterday announced its financial results for the quarter ended March 31, 2021, reporting a 32% YoY increase in revenue and a net income of $23 million. In Q1 2021, the company’s solar module shipments were 3.1 GW, compared to guidance of 3.0 GW to 3.2 GW. Net revenue […] Read more
Canadian Solar Partners with AI Energy Storage Optimisation Firm Habitat Energy Updated On Fri, May 14th, 2021 by Saurenergy Canadian Solar has partnered with Habitat Energy, a market leader in power trading and asset optimisation services for battery storage assets Canadian Solar has announced that it has executed a strategic partnership and investment with Habitat Energy, a UK-based market leader in power trading and asset optimisation services for battery storage assets that uses artificial […] Read more
Canadian Solar Starts Mass Production of 210 mm Large Cell Modules of up to 665 W Updated On Tue, Apr 13th, 2021 by Saurenergy Canadian Solar Inc. today announced that it has started mass production of high-power, high-efficiency modules with power output of up to 665 W. The new generation of monofacial HiKu7 and bifacial BiHiKu7 modules are based on 210 mm cells and are set to deliver one of the most competitive levelized cost of electricity (LCOE) in the industry by reducing […] Read more
Canadian Solar Starts Construction on 143 MWp of Solar Projects in Japan Updated On Thu, Apr 8th, 2021 by Saurenergy Canadian Solar announced today that it has commenced construction on four solar projects in Japan totaling 143 MWp. This portfolio includes Canadian Solar’s flagship mega-project, the 100 MWp Azuma Kofuji project located in the Fukushima Prefecture, and other projects totaling 43 MWp in the Ibaraki and Hiroshima Prefectures. Azuma Kofuji 100 MWp The Azuma Kofuji project is Canadian Solar’s largest […] Read more
Canadian Solar Completes 61 MWp Solar Portfolio Sale in Japan Updated On Tue, Mar 9th, 2021 by Saurenergy Canadian Solar Inc. announced today that it has completed the sale of two operational projects totaling 61 MWp to Canadian Solar Infrastructure Fund for JPY 30.6 billion (approximately US$283 million). To finance the acquisition of the 53 MWp Oita Hiji-machi and 8 MWp Miyagi Ogawara projects, CSIF recently completed an international public offering and raised over JPY 18 billion (US$166 […] Read more
Canadian Solar Closes Japan Green Infrastructure Fund at $208 Mn Updated On Thu, Feb 18th, 2021 by Saurenergy Canadian Solar has announced the successful close of the Japan Green Infrastructure Fund securing USD 208 million of committed capital Canadian Solar has announced the successful close of the Japan Green Infrastructure Fund (JGIF). Canadian Solar will partner with Macquarie Advisory & Capital Solutions (Macquarie), the advisory and capital markets arm of the Macquarie Group. Macquarie […] Read more
Canadian Solar and Windel Capital to Co-Develop 1.4 GW Solar Pipeline Updated On Fri, Jan 22nd, 2021 by Saurenergy Windel Capital has signed a Project Development Agreement with Canadian Solar to co-develop 1.4 GW of solar projects in the UK. Windel Capital has announced that it has signed a Project Development Agreement with Canadian Solar to co-develop 1.4 GW of solar projects in the UK. Under the agreement, Windel will deliver 1.4 GWp of […] Read more
Canadian Solar Breaks Ground on 300 MW Solar Plus 561 MWh Storage Project in California Updated On Fri, Jan 15th, 2021 by Saurenergy Canadian Solar has announced that its wholly-owned subsidiary, Recurrent Energy, completed the sale of the Slate project to Goldman Sachs Renewable Power (GSRP). The project is a 300 MWac solar plus 140.25 MW / 561 MWh storage project located in Kings County, California, and has commenced construction. Canadian Solar’s majority-owned energy storage subsidiary, System Solutions and […] Read more
Canadian Solar Sells Two Solar Projects to BluEarth Renewables Updated On Wed, Jan 6th, 2021 by Saurenergy Canadian Solar has announced it has sold ownership interest in its Hays and Jenner solar projects to BluEarth Renewables. BluEarth will also assume the management responsibilities of the projects. Located in southeast Alberta, both projects are 31 MWp (23 MWAC) in size. The projects are co-owned by Conklin Métis Local 193, an indigenous community-based in the rural hamlet […] Read more
