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| logo = [[File:Canadian_Solar_Logo.png|250px]]
| logo = [[File:Canadian_Solar_Logo.png|250px]]
| caption =
| caption =
| type = [[Public company]]
| type = [[Public company|Public]]
| traded_as = [http://www.nasdaq.com/symbol/csiq CSIQ (NASDAQ)]
| traded_as = {{NASDAQ|CSIQ}}
| industry = {{Unbulleted list|
| industry = {{Unbulleted list|
| [[Renewable energy]]
| [[Renewable energy]]
| [[Photovoltaics industry]]
| [[Photovoltaics industry]]
}}
}}
| foundation = {{Start date|2001}}
| foundation = {{Start date and age|2001}}
| founder = Shawn Qu
| founder = Dr. Shawn Qu
| defunct =
| location_city = [[Guelph]], Ontario
| location_city = [[Guelph]], Ontario
| location_country = Canada
| location_country = Canada
| locations = 23 countries and regions on 6 continents
| locations = Canada, Germany, Italy, Spain, South Africa, India, United Arab Emirates, Japan, Korea, Australia, the United States, Singapore, Hong Kong, Taiwan, Thailand, Malaysia, China, Brazil, Panama, Turkey, United Kingdom, South Africa, Vietnam, Indonesia
⚫
| key_people = Dr. Shawn Qu ([[Chairman]], [[Chief Executive Officer]])
| area_served =
| products = {{Unbulleted list
⚫
| key_people = Shawn Qu (Chairman, President, CEO)
| [[Energy Storage]]
| products = [[Photovoltaic module]]s, [[photovoltaic system]]s
| [[Inverters]]
| [[Solar Panels]]
| [[Photovoltaic Systems]]
}}
| production =
| production =
| services =
| services =
| revenue = {{increase}} US$7.613 billion (2023)
| revenue = {{increase}} {{US$|7.47}}&nbsp;billion (2022)<ref name="2022 Q4 and Full Year Results Canadian Solar">{{cite web |title=Q4 & FY Results 2022 |url=https://investors.canadiansolar.com/static-files/630c6f4b-08a0-47ed-af02-cc812bb141b1 |publisher=Canadian Solar |access-date=21 March 2023}}</ref>
| operating_income =
| operating_income =
| net_income = {{increase}} US$363.6&nbsp;million (2023)
| net_income = {{increase}} {{US$|147}}&nbsp;million (2020)<ref name="2020 Q4 and Full Year Results Canadian Solar">{{cite web |title=Q4 & FY Results 2020 |url=http://investors.canadiansolar.com/news-releases/news-release-details/canadian-solar-reports-fourth-quarter-and-full-year-2020-results/ |publisher=Canadian Solar |access-date=4 April 2020}}</ref>
| num_employees = 22,234 (2023)
| aum = <!-- Only used with financial services companies -->
| assets =
| equity =
| owner =
| num_employees = 13,478 (2020)<ref>{{cite web |url= https://www.bloomberg.com/profile/company/CSIQ:US|title= Canadian Solar Company Info|website= [[Bloomberg News]]}}</ref>
| parent =
| parent =
| divisions =
| divisions =
| subsid =
| subsid =
| homepage = {{Official URL}}
| homepage = {{URL|https://www.canadiansolar.com/}}
| footnotes = https://www.sec.gov/Archives/edgar/data/1375877/000110465924052464/csiq-20231231x20f.htm#ITEM17FINANCIALSTATEMENTS_447947
| footnotes =
| intl =
| intl =
| bodystyle =
| bodystyle =
}}
}}


'''Canadian Solar Inc.''' (NASDAQ: CSIQ) is a global renewable energy company. Headquartered in [[Guelph]], Ontario, the company manufactures solar [[Photovoltaics|PV]] modules, provides battery energy storage solutions and develops utility-scale solar power and battery energy storage projects.<ref name=":1">{{Cite web |title=ABOUT US – Canadian Solar – Global |url=https://www.canadiansolar.com/aboutus/#rwjs |access-date=2024-12-03 |language=en-US}}</ref><ref>{{Cite web |title=Canadian Solar 2023 SEC Form 20-F |url=https://www.sec.gov/Archives/edgar/data/1375877/000110465924052464/csiq-20231231x20f.htm#ITEM17FINANCIALSTATEMENTS_447947 |access-date=2024-12-04 |website=www.sec.gov}}</ref>
'''Canadian Solar Inc.''' is a publicly traded company that manufactures [[solar PV modules]] and runs large scale solar projects.


== History ==
== History ==
Dr. Shawn Qu founded Canadian Solar in 2001 in [[Guelph]], Ontario.<ref name=":0">{{Cite web |last=research |first=ESP equity |date=2024-02-22 |title=Canadian Solar Stock: An Undervalued Canadian Company With International Operations (CSIQ) {{!}} Seeking Alpha |url=https://seekingalpha.com/article/4672741-canadian-solar-stock-undervalued-canadian-company-with-international-operations |access-date=2024-12-03 |website=seekingalpha.com |language=en}}</ref> In November 2006, the company [[Initial public offering|went public]] ({{NASDAQ|CSIQ}}) trading at $15 per share.<ref>{{Cite web|date=22 January 2007|title=2006: The Year of the Solar IPO Boom|url=https://seekingalpha.com/article/24650-2006-the-year-of-the-solar-ipo-boom|url-status=live|access-date=2021-02-20|website=SeekingAlpha|language=en|archive-url=https://web.archive.org/web/20071012223248/http://seekingalpha.com:80/article/24650-2006-the-year-of-the-solar-ipo-boom |archive-date=2007-10-12 }}</ref>
Founded in 2001 in [[Guelph]], Ontario, Canada by Shawn Qu, Canadian Solar (NASDAQ: CSIQ) has subsidiaries in over 24 countries on 6 continents.<ref name="auto">{{cite web|url=http://www.canadiansolar.com/about.html|title=Make The Difference |publisher=Canadian Solar|access-date=2018-10-12|archive-url=https://web.archive.org/web/20160329073857/http://www.canadiansolar.com/about.html|archive-date=2016-03-29|url-status=dead}}</ref> Canadian Solar was recently cited as the world's second largest solar company.<ref>{{Cite web |title=10 Biggest Solar Companies |url=https://www.investopedia.com/10-biggest-solar-companies-5077655 |access-date=2023-07-17 |website=Investopedia |language=en}}</ref> They manufacture solar PV modules, are involved in supporting the installation of [[solar energy]], are involved in a number utility-scale power projects, and manufacture, install and operate battery storage solutions. With the company's acquisition of Recurrent Energy, Canadian Solar's total project pipeline reached 20.4 GW, including an increase in the late-stage project pipeline to 2.4 GW. By the end of Q1 2024, Canadian Solar's majority-owned subsidiary CSI Solar Co., Ltd. intends to reach 50 GW of ingot, 50 GW of wafer, 60 GW of cell and 75 GW of module capacity. All the new capacity additions will be in the latest N-type technology, enabling the company to better meet strong market demand and accelerate growth. These business plans will hep it further strengthen its long-term leadership position not just across its end markets but also throughout its supply chain positioning.<ref>{{Cite web |title=ABOUT US – Canadian Solar – Global |url=https://www.canadiansolar.com/aboutus/ |access-date=2023-07-17 |language=en-US}}</ref>


In October 2017, Canadian Solar listed the Canadian Solar Infrastructure Fund Inc. (CFSI) on the [[Tokyo Stock Exchange]]. The fund’s [[initial public offering]] (IPO) of 177,800 investment units was priced at [[JPY]] 100,000 (US $879) per unit. The proceeds supported the acquisition of 13 solar power facilities with a combined capacity of 72.7 MWp from Canadian Solar subsidiaries in Japan.<ref>{{Cite web |last=Tisheva |first=Plamena |date=2017-10-26 |title=Canadian Solar's Japanese fund prices IPO {{!}} Solar Power News {{!}} Renewables Now |url=https://renewablesnow.com/news/canadian-solars-japanese-fund-prices-ipo-588682/ |access-date=2024-12-03 |website=renewablesnow.com |language=en}}</ref>
In April 2023, Canadian Solar Inc. has rebranded its wholly owned global energy subsidiary as Recurrent Energy. The company’s global energy segment carries out global activities for solar and battery storage project development, which includes sourcing land, interconnection agreements, structuring power purchase agreements and other permits and requirements. Now dubbed Recurrent Energy, this segment develops both stand-alone solar and stand-alone battery storage projects, as well as hybrid solar-plus-storage projects. Canadian Solar reports that Recurrent Energy has built nearly 9 GW of solar and 3 GWh of battery storage across six continents, and that it has a total pipeline of 25 GW in solar and 47 GWh in battery storage, of which 14 GW and 12 GWh respectively had interconnections as of January 31, 2023. In addition, Recurrent Energy’s services business had 6 GW of projects under operations and maintenance contracts, either operational or contracted projects.<ref>{{Cite web |date=2023-04-10 |title=Canadian Solar rebrands global development business as Recurrent Energy |url=https://pv-magazine-usa.com/2023/04/10/canadian-solar-rebrands-global-development-business-as-recurrent-energy/ |access-date=2023-07-17 |website=pv magazine USA |language=en-US}}</ref>


In 2021, the firm relocated Recurrent Energy, its subsidiary that develops, owns, and operates solar and energy storage projects globally, to [[Austin, Texas|Austin,Texas.]]<ref name=":2">{{Cite web |date=2023-06-15 |title=Canadian solar panel maker bringing 1,500 jobs to Mesquite |url=https://www.dallasnews.com/business/real-estate/2023/06/15/new-mesquite-solar-panel-plant-will-bring-as-many-as-1500-jobs/ |access-date=2024-12-03 |website=Dallas News |language=en}}</ref>
In July 2023, Canadian Solar and its majority-owned subsidiary CSI Solar announced the rebranding of its utility-scale battery energy storage subsidiary and platform to e-STORAGE, which was previously operated as CSI Energy Storage. The platform is built upon CSI Solar's proprietary designed and manufactured lithium iron phosphate (LiFePO4) chemistry-based battery solution SolBank, which is engineered to be one of the safest and most robust systems for utility-scale storage applications. As of July 2023, e-STORAGE launches with nearly 26 GWh of energy storage projects in its total pipeline and over $1.7 billion of contracted revenues, up from $1 billion in January, providing significant growth visibility over an upcoming multi-year period. Currently, e-STORAGE operates two fully automated and industry-leading manufacturing facilities and expects to reach an annual capacity of 10 GWh. With the rebranding, e-STORAGE is well-positioned and will fuel its growth in the global energy storage market, providing high-quality, scalable energy storage solutions for power grid carbonization and renewables deployment.<ref>{{Cite web |last=MAG |first=SOLAR |date=2023-07-11 |title=Canadian Solar announces the rebranding of its utility-scale storage division |url=https://solarmagazine.com/2023/07/canadian-solar-announces-rebranding-its-utility-scale-storage-division/ |access-date=2023-07-17 |website=Solar Magazine |language=en-US}}</ref>


In September 2022, Canadian Solar launched a residential energy storage solution, the EP Cube. Up to six units can be connected to deliver up to 119.9 [[kWh]] of energy storage and 45.6 [[kW]] output for home use.<ref>{{Cite web |last=Pickerel |first=Kelly |date=2022-09-13 |title=Canadian Solar unveils EP Cube residential energy storage system |url=https://www.solarpowerworldonline.com/2022/09/canadian-solar-releases-ep-cube-residential-energy-storage-system/ |access-date=2024-12-03 |website=Solar Power World |language=en-US}}</ref>  
In November 2006, the company [[Initial public offering|went public]] ({{NASDAQ|CSIQ}}) at $15 per share.<ref>{{Cite web|date=22 January 2007|title=2006: The Year of the Solar IPO Boom|url=https://seekingalpha.com/article/24650-2006-the-year-of-the-solar-ipo-boom|url-status=live|access-date=2021-02-20|website=SeekingAlpha|language=en|archive-url=https://web.archive.org/web/20071012223248/http://seekingalpha.com:80/article/24650-2006-the-year-of-the-solar-ipo-boom |archive-date=2007-10-12 }}</ref> More recently, Canadian Solar's majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar") completed its initial public offering and its shares commenced trading on the Shanghai Stock Exchange's Sci-Tech Innovation Board under the stock code 688472. The shares were issued at a public offering price of RMB11.10 per share and the total gross proceeds of the IPO are approximately RMB6bnn (approximately US$850m).<ref>{{Cite news |date=June 9, 2023 |title=Canadian Solar subsidiary lists in China; CSI Solar's shares have started trading on the Shanghai Stock Exchange's Sci-Tech Innovation Board |pages=Page 1 |work=Renews Ltd |url=https://renews.biz/86293/canadian-solar-subsidiary-lists-in-china/ |access-date=July 17, 2023}}</ref> On July 17, 2023, it was announced that CSI Solar issued an additional 81,158,500 shares at the IPO price of RMB11.10 per share to cover over-allotments. As a result, CSI Solar raised additional gross proceeds of RMB0.9 billion (approximately US$125 million), in addition to the previously announced IPO gross proceeds of RMB6.0 billion (approximately US$850 million), before deducting offering expenses. CSI Solar raised an aggregate of RMB6.9 billion (approximately US$975 million) in gross proceeds from the IPO. After deducting the offering expenses of RMB278 million, the net proceeds from the IPO were RMB6.6 billion (approximately US$925 million).<ref>{{Cite web |last=Inc |first=Canadian Solar |title=Canadian Solar's Subsidiary CSI Solar Announces Full Exercise of the Over-Allotment Option |url=https://www.prnewswire.com/news-releases/canadian-solars-subsidiary-csi-solar-announces-full-exercise-of-the-over-allotment-option-301878348.html |access-date=2023-07-17 |website=www.prnewswire.com |language=en}}</ref>


In June 2023, Canadian Solar announced plans to construct its first U.S. manufacturing plant in Mesquite, Texas. The $250 million plant, which will employ up to 1,500 people, is designed to produce 20,000 solar panels a day, totaling 5 GW of annual production capacity.<ref name=":2" /> In March 2024, Canadian Solar agreed to supply Sol Systems with solar modules from the finished factory.<ref>{{Cite web |date=2024-03-04 |title=Canadian Solar to supply Texas-made TOPCon modules to Sol Systems |url=https://pv-magazine-usa.com/2024/03/04/canadian-solar-to-supply-texas-made-topcon-modules-to-sol-systems/ |access-date=2024-12-03 |website=pv magazine USA |language=en-US}}</ref>  The company’s other manufacturing centers are in Asia and Canada.<ref name=":2" />
Including two manufacturing facilities in Ontario, Canadian Solar employs nearly 9,000 workers worldwide. This translates to more than 16 GW of panel shipments, or approximately 70 million PV modules, in the past 15 years.<ref name="auto"/> In 2021, Canadian Solar relocated Recurrent Energy, its 17-year-old U.S. subsidiary, to Austin, spearheading the rapid growth of renewable energy in Texas as a solar and battery storage project developer. In 2023, Canadian Solar announced that it’s creating a solar PV module production facility in Mesquite that will lead to 1,500 skilled jobs and a $250 million investment by Canadian Solar Inc. of Guelph, Ontario. The project, in a 91-acre industrial park at 3000 Skyline Drive, will be Canadian Solar’s first U.S. manufacturing facility. “Canadian Solar’s new $250 million manufacturing plant in Mesquite will bolster Texas’ status as the energy capital of the world and secure our leadership as a global tech hub,” Gov. Greg Abbott said in a statement. Mesquite Mayor Daniel Aleman Jr. said the city is looking forward to Canadian Solar’s investment. “We’re very proud to have a company like Canadian Solar in Mesquite and appreciate their investment in our city. We look forward to a great partnership with them and the impact they will make on our community,” Aleman said in a statement.<ref>{{Cite web |last=Innovates |first=Dallas |last2=Murray |first2=Lance |date=2023-06-15 |title=Canadian Solar Taps Mesquite for New $250M Solar Module Production Facility |url=https://dallasinnovates.com/canadian-solar-taps-mesquite-for-new-250m-solar-module-production-facility/ |access-date=2023-07-17 |website=Dallas Innovates |language=en-US}}</ref>


In June 2023, CSI Solar, the solar manufacturing subsidiary of Canadian Solar, completed an IPO and began trading on the Shanghai Stock Exchange. Shares in the IPO were listed at [[Renminbi|RMB]] 11.10 (US $1.55) each, with total closing revenue of approximately RMB 6 billion (US $840 million).<ref>{{Cite web |last=Norman |first=Will |date=2023-06-12 |title=CSI Solar completes IPO, begins trading on Shanghai Stock Exchange |url=https://www.pv-tech.org/csi-solar-completes-ipo-begins-trading-on-shanghai-stock-exchange/ |access-date=2024-12-03 |website=PV Tech |language=en-US}}</ref>
⚫
== Manufacturing ==
Canadian Solar production facilities in Canada, China, Indonesia, Vietnam and Brazil make ingots, wafers, solar cells, solar PV modules, solar power systems, and other solar products.


CSI Solar shipped 6.1 GW of solar modules to more than 70 countries in the first quarter of 2023. For the first quarter of 2023, the top five markets ranked by shipments were China, Brazil, the U.S., Spain, and Germany. CSI Solar’s solar capacity at the end of 1Q23 was 20.4GW Ingot, 21.0GW Wafer, 21.0GW Cell, 36.2GW Module. This is expected to increase to 20.4GW, 35.0GW, 50.0GW and 50.0GW, respectively, by December 2023, and 50.4GW, 50.0GW, 60.0GW, and 75.0GW, respectively, by March 2024.<ref>{{Cite web |date=2023-05-18 |title=Canadian Solar Reports First Quarter 2023 Results |url=https://finance.yahoo.com/news/canadian-solar-reports-first-quarter-100000733.html |access-date=2023-07-19 |website=Yahoo Finance |language=en-US}}</ref>
In July 2023, the firm's utility-scale battery energy storage subsidiary was rebranded from CSI Energy Storage to e-STORAGE. The subsidiary’s two automated factories supply battery energy storage solutions to the US, Canada, the UK, and China.<ref>{{Cite web |last=Djunisic |first=Sladjana |date=2023-07-11 |title=Canadian Solar re-brands battery storage unit to e-STORAGE {{!}} Energy Storage News {{!}} Renewables Now |url=https://renewablesnow.com/news/canadian-solar-re-brands-battery-storage-unit-to-e-storage-828167/ |access-date=2024-12-03 |website=renewablesnow.com |language=en}}</ref>


In November 2024, Canadian Solar announced plans to construct a $712 million battery plant in Shelbyville, Kentucky. The largest economic development project in Shelby County history, the Shelbyville Battery Manufacturing plant will build utility-scale batteries that utilities and project developers will use for energy storage. Located about 30 miles from downtown Louisville, the one-million-square-foot project will initially have a capacity of 3 GWh, with a second phase expected to double production capacity. Limited production is scheduled to begin in 2025, with full-scale production expected in early 2026.<ref>{{Cite web |last=Giffin |first=Olivia Evans and Connor |title=EXCLUSIVE: Shelby County to get $700M battery facility, largest project in county history |url=https://www.courier-journal.com/story/money/companies/2024/11/15/canadian-solar-700-million-battery-plant-shelbyville-ky-jobs/76133727007/ |access-date=2024-12-03 |website=The Courier-Journal |language=en-US}}</ref><ref>{{Cite web |date=2024-11-18 |title=Canadian Solar announces nearly $712 million project for Kentucky battery plant |url=https://www.renewableenergyworld.com/energy-storage/canadian-solar-announces-nearly-712-million-project-for-kentucky-battery-plant/ |access-date=2024-12-03 |website=Renewable Energy World |language=en-US}}</ref>
In 2023, Canadian Solar announced that it’s creating a solar PV module production facility in Mesquite that will lead to 1,500 skilled jobs and a $250 million investment by Canadian Solar Inc. of Guelph, Ontario. The project, in a 91-acre industrial park at 3000 Skyline Drive, will be Canadian Solar’s first U.S. manufacturing facility. “Canadian Solar’s new $250 million manufacturing plant in Mesquite will bolster Texas’ status as the energy capital of the world and secure our leadership as a global tech hub,” Gov. Greg Abbott said in a statement. Mesquite Mayor Daniel Aleman Jr. said the city is looking forward to Canadian Solar’s investment. “We’re very proud to have a company like Canadian Solar in Mesquite and appreciate their investment in our city. We look forward to a great partnership with them and the impact they will make on our community,” Aleman said in a statement.<ref>{{Cite web |last=Innovates |first=Dallas |last2=Murray |first2=Lance |date=2023-06-15 |title=Canadian Solar Taps Mesquite for New $250M Solar Module Production Facility |url=https://dallasinnovates.com/canadian-solar-taps-mesquite-for-new-250m-solar-module-production-facility/ |access-date=2023-07-19 |website=Dallas Innovates |language=en-US}}</ref>


As of March 31, 2023, the Company had a leading position with a total global solar development pipeline of approximately 25 GWp and an energy storage development pipeline of over 47 GWh.<ref>{{Cite web |date=2023-05-18 |title=Canadian Solar Reports First Quarter 2023 Results |url=https://finance.yahoo.com/news/canadian-solar-reports-first-quarter-100000733.html |access-date=2023-07-19 |website=Yahoo Finance |language=en-US}}</ref>
Canadian Solar participates in the [[United Nations Global Compact]] and [[Carbon Disclosure Project|CDP Climate Change Disclosure]] as of 2023. Released in 2024, Canadian Solar’s 2023 Corporate Sustainability Report cited ongoing reductions in greenhouse gas emissions and energy, water, and waste intensities.<ref>{{Cite web |last=Roy |first=S. R. C. |date=2024-06-06 |title=Canadian Solar Releases 2023 Corporate Sustainability Report |url=https://solarquarter.com/2024/06/06/canadian-solar-releases-2023-corporate-sustainability-report/ |access-date=2024-12-03 |website=SolarQuarter |language=en-GB}}</ref>


'''Controversies'''
As of March 31, 2023, the Company's Recurrent Energy's total battery storage project development pipeline was 47.4 GWh, including 0.3 GWh under construction, 1.7 GWh of backlog, and 45.4 GWh of projects in advanced and early-stage pipelines.<ref>{{Cite web |date=2023-05-18 |title=Canadian Solar Reports First Quarter 2023 Results |url=https://finance.yahoo.com/news/canadian-solar-reports-first-quarter-100000733.html |access-date=2023-07-19 |website=Yahoo Finance |language=en-US}}</ref>


In 2021, the [[Human Rights Foundation]] criticized Canadian Solar after ''[[The Globe and Mail]]'' reported that the company operated a solar farm in [[Xinjiang]], China near a [[Xinjiang internment camps|Uyghur internment camp.]]<ref>{{Cite news |date=2021-01-18 |title=Canadian firms operate in China’s Xinjiang region |url=https://www.theglobeandmail.com/world/article-canadian-firms-operate-in-chinas-xinjiang-region/ |access-date=2024-12-03 |work=The Globe and Mail |language=en-CA}}</ref>The ''[[Guelph Mercury Tribune]]'' later reported a second solar farm in Xinjiang with ties to a supplier of Canadian Solar.<ref>{{Cite web |last=Mercury |first=Graeme McNaughton Guelph |date=2021-07-22 |title=Guelph solar panel company has ties with Chinese firm sanctioned over forced labour |url=https://www.guelphmercury.com/news/guelph-solar-panel-company-has-ties-with-chinese-firm-sanctioned-over-forced-labour/article_55252ffe-7ce8-51d7-9895-51e321b187d0.html? |access-date=2024-12-03 |website=Guelph Mercury |language=en}}</ref> ''The Globe'' also reported a 2019 agreement between Canadian Solar and [[Polycrystalline silicon|polysilicon]] manufacturer GCL-Poly, a company whose Xinjiang subsidiary had ties to forced labor.<ref>{{Cite web |date=2021-02-08 |title=Canadian Solar denies use of forced labour at its solar farm in weste… |url=https://archive.today/20210208191949/https://www.theglobeandmail.com/world/article-canadian-solar-denies-use-of-forced-labour-at-its-solar-farm-in/ |access-date=2024-12-03 |website=archive.ph}}</ref> In 2021, Canadian Solar denied any connection to forced labor in its operations or supply chain and was working with polysilicon suppliers to establish auditing processes.<ref name="Globe1">{{cite news |last1=Green |first1=David |last2=VanderKlippe |first2=Nathan |author2-link=Nathan VanderKlippe |date=18 January 2021 |title=Canadian firms operate in China's Xinjiang region |url=https://www.theglobeandmail.com/world/article-canadian-firms-operate-in-chinas-xinjiang-region/ |access-date=18 January 2021 |work=[[The Globe and Mail]]}}</ref><ref>{{Cite web |date=2022-05-03 |title=Canadian Solar vows probe into allegations it used forced labour in X… |url=https://archive.today/20220503132703/https://www.theglobeandmail.com/business/article-canadian-solar-promises-belated-investigation-into-xinjiang-plant/ |access-date=2024-12-03 |website=archive.ph}}</ref> Later that year, Canadian Solar sold both of its Xinjiang solar power plants to a consortium of Chinese banks and investment groups and no longer has any Xinjiang locations, The ''Mercury Tribune'' reported.<ref>{{Cite web |last=Mercury |first=Graeme McNaughton Guelph |date=2022-05-11 |title=Guelph company backtracks on blocking forced labour audit of its Chinese supply chain, operations |url=https://www.guelphmercury.com/business/guelph-company-backtracks-on-blocking-forced-labour-audit-of-its-chinese-supply-chain-operations/article_3fb42a21-0941-5597-b667-205febb58335.html? |access-date=2024-12-03 |website=Guelph Mercury |language=en}}</ref> In August 2023, the U.S. Department of Commerce ruled that Canadian Solar circumvented tariffs on Chinese-made goods.<ref>{{cite web |title=DOC Issues |url=https://www.morganlewis.com/pubs/2023/09/doc-issues-final-decision-in-auxin-solar-case-on-certain-cells-and-modules-from-southeast-asia |website=Morgan Lewis}}</ref>
As of March 31, 2023, Recurrent Energy's solar power plants in operation totaled 609 MWp, with a combined estimated net resale value of approximately $700 million to Recurrent Energy. <ref>{{Cite web |date=2023-05-18 |title=Canadian Solar Reports First Quarter 2023 Results |url=https://finance.yahoo.com/news/canadian-solar-reports-first-quarter-100000733.html |access-date=2023-07-19 |website=Yahoo Finance |language=en-US}}</ref>


===Products===
== Acquisitions ==
⚫
Canadian Solar completed the acquisition of solar developer Recurrent Energy from [[Sharp Corporation]] for approximately $265 million in 2015.<ref>{{cite web |date=February 3, 2015 |title=Canadian Solar to Acquire Recurrent Energy from Sharp Corporation for $265 Million |url=https://recurrentenergy.com/press-release/canadian-solar-to-acquire-recurrent-energy/ |website=Recurrent Energy}}</ref>
Canadian Solar offers solar modules, solar power systems, off-grid solar home systems and other solar products.


⚫
== Manufacturing ==
Canadian Solar's global PV project business unit has been in operation for over six years and develops PV projects worldwide, specializing in project development, system design, engineering and financing. In addition, Canadian Solar can handle the deployment of photovoltaic projects systems, ranging a few hundred kilowatts to mega-watts.
Canadian Solar operates production facilities in the United States, Canada, China, Indonesia, Vietnam and Brazil, where it manufactures ingots, wafers, solar cells, solar PV modules, solar power systems, and other solar products.<ref>{{Cite web |title=This solar giant is moving manufacturing back to the US |url=https://www.technologyreview.com/2024/04/23/1091665/canadian-solar-ira-manufacturing-us/#:~:text=When%20Canadian%20Solar%20was%20founded,response%20to%20contracting%20local%20demand.) |access-date=2024-12-03 |website=MIT Technology Review |language=en}}</ref>


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== Products ==
Canadian Solar's standard modules are powered by 156 x 156&nbsp;mm (6 inch) mono-crystalline or poly-crystalline solar cells.
'''PV Modules and Systems --''' The firm's standard PV modules are powered 210mm and 182mm N-type TOPCon solar cells that absorb and convert light from both sides of the module.<ref name=":3">{{Cite web |date=2024-03-04 |title=Canadian Solar to supply Texas-made TOPCon modules to Sol Systems |url=https://pv-magazine-usa.com/2024/03/04/canadian-solar-to-supply-texas-made-topcon-modules-to-sol-systems/ |access-date=2024-12-03 |website=pv magazine USA |language=en-US}}</ref><sup> </sup>As of 2024, Canadian Solar delivered more than 133 GW of solar PV modules globally, making the firm one of the largest global suppliers of TOPCon solar cell technology.<ref name=":3" /> <ref>{{Cite web |date=22 August 2024 |title=Canadian Solar reports second quarter 2024 results |url=https://finance.yahoo.com/news/canadian-solar-reports-second-quarter-100000285.html |url-status=live |access-date=3 December 2024 |website=[[Yahoo Finance]]}}</ref>


'''Battery Energy Storage Systems (BESS) --''' As of August 2024, Canadian Solar’s batter energy storage subsidiary, e-STORAGE, has shipped more than 6.5 GWh of battery energy storage solutions globally.<ref>{{Cite web |title=Investor Presentation |url=https://investors.canadiansolar.com/static-files/1c8fb1cd-4eb3-4cc0-8def-bf807b399cec |access-date=December 3, 2024 |website=Canadian Solar}}</ref>
⚫
== Projects ==
Since entering the project development business in 2010, Canadian Solar has developed, built and connected over 8.8 GWp in over 20 countries across the world. Currently, the Company has approximately 609 MWp of projects in operation, 6.9 GWp of projects under construction or in backlog (late-stage), and an additional 17.7 GWp of projects in advanced and early-stage pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. <ref>{{Cite web |date=2023-05-18 |title=Canadian Solar Reports First Quarter 2023 Results |url=https://finance.yahoo.com/news/canadian-solar-reports-first-quarter-100000733.html |access-date=2023-07-19 |website=Yahoo Finance |language=en-US}}</ref>


'''Utility-Scale Solar PV Projects --''' Since entering the project development business in 2010, Canadian Solar has developed, built, and connected over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects across the world.<ref name=":1" />
Below are some of Canadian Solar's historical projects:


== Projects ==
=== Europe ===
=== Europe ===
* 1 MW – Munich, Germany (July 2010) <ref>{{cite web|url=http://www.renewableenergyworld.com/articles/2010/07/canadian-solar-green-city-complete-1-mw-project.html|title=Canadian Solar & Green City Complete 1-MW Project|website=www.renewableenergyworld.com|access-date=2018-10-12}}</ref>
* 1 MW – Munich, Germany (July 2010) <ref>{{cite web|url=http://www.renewableenergyworld.com/articles/2010/07/canadian-solar-green-city-complete-1-mw-project.html|title=Canadian Solar & Green City Complete 1-MW Project|website=www.renewableenergyworld.com|access-date=2018-10-12}}</ref>
Line 96: Line 96:
* 10 MW – Silvercreek Solar Park, Canada (January 2014)
* 10 MW – Silvercreek Solar Park, Canada (January 2014)
* 146.4 MW – Honduras (October 2014) <ref>{{Cite news|url=https://finance.yahoo.com/news/canadian-solar-inc-csiq-strikes-210002736.html|title=Canadian Solar Inc. (CSIQ) Strikes 146.4 MW Honduras Deal|access-date=2018-10-14|language=en-US}}</ref>
* 146.4 MW – Honduras (October 2014) <ref>{{Cite news|url=https://finance.yahoo.com/news/canadian-solar-inc-csiq-strikes-210002736.html|title=Canadian Solar Inc. (CSIQ) Strikes 146.4 MW Honduras Deal|access-date=2018-10-14|language=en-US}}</ref>
* 28.4 MW – Los Angeles, California (November 2014) <ref>{{cite web|url=http://www.prnewswire.com/news-releases/canadian-solar-completes-sale-of-284-mw-solar-plant-in-the-united-states-300000113.html|title=Canadian Solar Completes Sale of 28.4 MW Solar Plant in the United States |via=Canadian Solar |publisher=PR Newswire |language=en|access-date=2018-10-12}}</ref>
* 28.4 MW – Los Angeles, California (November 2014) <ref>{{cite press release|url=http://www.prnewswire.com/news-releases/canadian-solar-completes-sale-of-284-mw-solar-plant-in-the-united-states-300000113.html|title=Canadian Solar Completes Sale of 28.4 MW Solar Plant in the United States |via=Canadian Solar |publisher=PR Newswire |language=en|access-date=2018-10-12}}</ref>
* 5.86 MW – Massachusetts (July 2014) <ref>{{cite web |url=http://solartoday.org/2014/07/edf-completes-5-86-mw-in-massachusetts/ |title=EDF Completes 5.86 MW in Massachusetts |access-date=2016-11-09 |archive-url=https://web.archive.org/web/20161110111038/http://solartoday.org/2014/07/edf-completes-5-86-mw-in-massachusetts/ |archive-date=2016-11-10 |url-status=dead }}</ref>
* 5.86 MW – Massachusetts (July 2014) <ref>{{cite web |url=http://solartoday.org/2014/07/edf-completes-5-86-mw-in-massachusetts/ |title=EDF Completes 5.86 MW in Massachusetts |access-date=2016-11-09 |archive-url=https://web.archive.org/web/20161110111038/http://solartoday.org/2014/07/edf-completes-5-86-mw-in-massachusetts/ |archive-date=2016-11-10 |url-status=dead }}</ref>
* 10 MW – Ontario, Canada (January 2015)
* 10 MW – Ontario, Canada (January 2015)
Line 102: Line 102:
* 100 MW – Texas Solar Project, Texas (November 2015) <ref>{{Cite news|url=http://www.altenergymag.com/news/2015/12/01/canadian-solar-subsidiary-recurrent-energy-partners-in-157-mw-texas-solar-project/22181|title=Canadian Solar Subsidiary Recurrent Energy Partners in 157 MW Texas Solar Project {{!}} AltEnergyMag|access-date=2018-10-12|language=en-US}}</ref>
* 100 MW – Texas Solar Project, Texas (November 2015) <ref>{{Cite news|url=http://www.altenergymag.com/news/2015/12/01/canadian-solar-subsidiary-recurrent-energy-partners-in-157-mw-texas-solar-project/22181|title=Canadian Solar Subsidiary Recurrent Energy Partners in 157 MW Texas Solar Project {{!}} AltEnergyMag|access-date=2018-10-12|language=en-US}}</ref>
* 100 MW – Kings County, California (August 2016) <ref>{{Cite news|url=http://www.canadianmanufacturing.com/operations/canadian-solar-subsidiary-brings-100-mw-california-solar-plant-online-174404/|title=Canadian Solar subsidiary brings 100 MW California solar plant online - Canadian Manufacturing|date=2016-08-23|work=Canadian Manufacturing|access-date=2018-10-14|language=en-US}}</ref>
* 100 MW – Kings County, California (August 2016) <ref>{{Cite news|url=http://www.canadianmanufacturing.com/operations/canadian-solar-subsidiary-brings-100-mw-california-solar-plant-online-174404/|title=Canadian Solar subsidiary brings 100 MW California solar plant online - Canadian Manufacturing|date=2016-08-23|work=Canadian Manufacturing|access-date=2018-10-14|language=en-US}}</ref>
* 200 MW – California (September 2016) <ref>{{cite web|url=https://www.prnewswire.com/news-releases/canadian-solar-subsidiary-recurrent-energy-completes-200-megawatt-tranquillity-solar-project-300333796.html|title=Canadian Solar Subsidiary Recurrent Energy Completes 200 Megawatt Tranquillity Solar Project|via=Canadian Solar |publisher=PR Newswire}}</ref>
* 200 MW – California (September 2016) <ref>{{cite press release|url=https://www.prnewswire.com/news-releases/canadian-solar-subsidiary-recurrent-energy-completes-200-megawatt-tranquillity-solar-project-300333796.html|title=Canadian Solar Subsidiary Recurrent Energy Completes 200 Megawatt Tranquillity Solar Project|via=Canadian Solar |publisher=PR Newswire}}</ref>
* 258 MW – Fresno County, California (September 2016) <ref>{{cite web|url=http://www.solarserver.com/solar-magazine/solar-news/current/2016/kw39/canadian-solar-subsidiary-completes-258-mw-tranquillity-solar-pv-plant-in-california.html |title=Das Internetportal für erneuerbare Energien |publisher=Solarserver |access-date=2019-11-14}}</ref>
* 258 MW – Fresno County, California (September 2016) <ref>{{cite web|url=http://www.solarserver.com/solar-magazine/solar-news/current/2016/kw39/canadian-solar-subsidiary-completes-258-mw-tranquillity-solar-pv-plant-in-california.html |title=Das Internetportal für erneuerbare Energien |publisher=Solarserver |access-date=2019-11-14}}</ref>
* 60 MW – Los Angeles, California (September 2016) <ref>{{cite web |url=http://www.newschannel10.com/story/33277304/canadian-solar-subsidiary-recurrent-energy-reaches-commercial-operation-of-60-megawatt-barren-ridge-solar-project |title=Canadian Solar Subsidiary Recurrent Energy Reaches Commercial Operation of 60 Megawatt Barren Ridge Solar Project |access-date=2016-11-09 |archive-url=https://web.archive.org/web/20161110043858/http://www.newschannel10.com/story/33277304/canadian-solar-subsidiary-recurrent-energy-reaches-commercial-operation-of-60-megawatt-barren-ridge-solar-project |archive-date=2016-11-10 |url-status=dead }}</ref>
* 60 MW – Los Angeles, California (September 2016) <ref>{{cite web |url=http://www.newschannel10.com/story/33277304/canadian-solar-subsidiary-recurrent-energy-reaches-commercial-operation-of-60-megawatt-barren-ridge-solar-project |title=Canadian Solar Subsidiary Recurrent Energy Reaches Commercial Operation of 60 Megawatt Barren Ridge Solar Project |access-date=2016-11-09 |archive-url=https://web.archive.org/web/20161110043858/http://www.newschannel10.com/story/33277304/canadian-solar-subsidiary-recurrent-energy-reaches-commercial-operation-of-60-megawatt-barren-ridge-solar-project |archive-date=2016-11-10 |url-status=dead }}</ref>
Line 110: Line 110:
* 185 MW – Brazil (September 2016) <ref>{{Cite news|url=http://www.nasdaq.com/article/canadian-solar-gets-185-mw-solar-pv-projects-in-brazil-cm517051|title=Canadian Solar Gets 185-MW Solar PV Projects in Brazil|date=2015-09-04|work=NASDAQ.com|access-date=2018-10-12|language=en-us}}</ref>
* 185 MW – Brazil (September 2016) <ref>{{Cite news|url=http://www.nasdaq.com/article/canadian-solar-gets-185-mw-solar-pv-projects-in-brazil-cm517051|title=Canadian Solar Gets 185-MW Solar PV Projects in Brazil|date=2015-09-04|work=NASDAQ.com|access-date=2018-10-12|language=en-us}}</ref>
* 191.5 MW – Brazil (October 2016) <ref>{{cite web |url=http://finance.yahoo.com/news/canadian-solar-edf-energies-nouvelles-110000207.html |title=Canadian Solar and EDF Energies Nouvelles to Partner and Start Construction of a 191.5 MWP Solar Energy Project in Brazil |website=finance.yahoo.com |access-date=17 January 2022 |archive-url=https://web.archive.org/web/20161012162538/http://finance.yahoo.com/news/canadian-solar-edf-energies-nouvelles-110000207.html |archive-date=12 October 2016 |url-status=dead}}</ref>
* 191.5 MW – Brazil (October 2016) <ref>{{cite web |url=http://finance.yahoo.com/news/canadian-solar-edf-energies-nouvelles-110000207.html |title=Canadian Solar and EDF Energies Nouvelles to Partner and Start Construction of a 191.5 MWP Solar Energy Project in Brazil |website=finance.yahoo.com |access-date=17 January 2022 |archive-url=https://web.archive.org/web/20161012162538/http://finance.yahoo.com/news/canadian-solar-edf-energies-nouvelles-110000207.html |archive-date=12 October 2016 |url-status=dead}}</ref>
* 114 MW – Brazil (November 2016) <ref>{{cite web|url=http://www.prnewswire.com/news-releases/canadian-solar-wins-114-mw-of-solar-power-projects-in-brazil-281747091.html|title=Canadian Solar Wins 114 MW of Solar Power Projects In Brazil |via=Canadian Solar |publisher=PR Newswire |language=en|access-date=2018-10-12}}</ref>
* 114 MW – Brazil (November 2016) <ref>{{cite press release|url=http://www.prnewswire.com/news-releases/canadian-solar-wins-114-mw-of-solar-power-projects-in-brazil-281747091.html|title=Canadian Solar Wins 114 MW of Solar Power Projects In Brazil |via=Canadian Solar |publisher=PR Newswire |language=en|access-date=2018-10-12}}</ref>


=== Asia-Pacific ===
=== Asia-Pacific ===
* 30 MW - Near [[Tumxuk]], Xinjiang, China (2019)<ref name="Globe1"/>
* 30 MW - Near [[Tumxuk]], Xinjiang, China (2019)<ref name="Globe1">{{cite news |last1=Green |first1=David |last2=VanderKlippe |first2=Nathan |author2-link=Nathan VanderKlippe |date=18 January 2021 |title=Canadian firms operate in China's Xinjiang region |work=[[The Globe and Mail]] |url=https://www.theglobeandmail.com/world/article-canadian-firms-operate-in-chinas-xinjiang-region/ |access-date=18 January 2021}}</ref>
* 10 MW – [[Ninxiahongsibao]], China (August 2010)
* 10 MW – Ninxiahongsibao, China (August 2010)
* 20 MW – [[Urad Mongols|Wulate]], Inner Mongolia, China (December 2013)
* 20 MW – [[Urad Mongols|Wulate]], Inner Mongolia, China (December 2013)
* 30 MW – Suzhou Golden Sun Projects, China (November 2012)
* 30 MW – Suzhou Golden Sun Projects, China (November 2012)
* 25 MW – [[Gajner]], Bikaner, Rajasthan, India (November 2013)
* 25 MW – Gajner, Bikaner, Rajasthan, India (November 2013)
* 1.3 MW – [[Hyogo]], pref. Awaji city, Japan (January 2013)
* 1.3 MW – [[Hyogo]], pref. Awaji city, Japan (January 2013)
* 5 MW – [[Normanton Solar Farm]], Australia (December 2015) <ref>{{cite web|url=http://www.canadiansolar.com/au/solar-projects/normanton-solar-farm-australia.html|title=Solar Project: Normanton Solar Farm, Australia |publisher=Canadian Solar|access-date=2018-10-12}}</ref>
* 5 MW – Normanton Solar Farm, Australia (December 2015) <ref>{{cite web|url=https://www.normantonsolarfarm.com.au|title=Solar Project: Normanton Solar Farm, Australia |publisher=Canadian Solar|access-date=2018-10-12}}</ref>
* 17.4 MW – Longreach Solar Farm, Australia (September 2016) <ref name="auto1">{{cite web |url=https://www.thestreet.com/story/13754547/1/canadian-solar-wins-arena-funding-for-47mwp-solar-power-projects-in-australia.html |title=Canadian Solar Wins ARENA Funding For 47MWp Solar Power Projects In Australia |access-date=2016-11-09 |archive-url=https://web.archive.org/web/20161110110324/https://www.thestreet.com/story/13754547/1/canadian-solar-wins-arena-funding-for-47mwp-solar-power-projects-in-australia.html |archive-date=2016-11-10 |url-status=dead }}</ref>
* 17.4 MW – Longreach Solar Farm, Australia (September 2016) <ref name="auto1">{{cite web |url=https://www.thestreet.com/story/13754547/1/canadian-solar-wins-arena-funding-for-47mwp-solar-power-projects-in-australia.html |title=Canadian Solar Wins ARENA Funding For 47MWp Solar Power Projects In Australia |access-date=2016-11-09 |archive-url=https://web.archive.org/web/20161110110324/https://www.thestreet.com/story/13754547/1/canadian-solar-wins-arena-funding-for-47mwp-solar-power-projects-in-australia.html |archive-date=2016-11-10 |url-status=dead }}</ref>
* 30 MW – Oakey Solar Farm, Australia (September 2016) <ref name="auto1"/>
* 30 MW – Oakey Solar Farm, Australia (September 2016) <ref name="auto1"/>
Line 125: Line 125:
*190MW - Suntop Solar Farm - Australia (October 2020)
*190MW - Suntop Solar Farm - Australia (October 2020)
*146MW - Gunnedah Solar Farm, Australia (October 2020)
*146MW - Gunnedah Solar Farm, Australia (October 2020)

== Acquisitions ==
⚫
[[Recurrent Energy]]: Canadian Solar completed the acquisition of solar developer Recurrent Energy from [[Sharp Corporation]] for approximately $265 million in 2015.<ref>{{cite web|url=https://recurrentenergy.com/press-release/canadian-solar-to-acquire-recurrent-energy/|title=Canadian Solar to Acquire Recurrent Energy from Sharp Corporation for $265 Million|date=February 3, 2015|website=Recurrent Energy}}</ref>


==References==
==References==

Latest revision as of 13:18, 15 December 2024

Canadian Solar Inc.
Company typePublic
Nasdaq: CSIQ
Industry
Founded2001; 23 years ago (2001)
FounderDr. Shawn Qu
Headquarters
Guelph, Ontario
,
Canada
Number of locations
23 countries and regions on 6 continents
Key people
Dr. Shawn Qu (Chairman, Chief Executive Officer)
Products
RevenueIncrease US$7.613 billion (2023)
Increase US$363.6 million (2023)
Number of employees
22,234 (2023)
Websitewww.canadiansolar.com
Footnotes / references
https://www.sec.gov/Archives/edgar/data/1375877/000110465924052464/csiq-20231231x20f.htm#ITEM17FINANCIALSTATEMENTS_447947

Canadian Solar Inc. (NASDAQ: CSIQ) is a global renewable energy company. Headquartered in Guelph, Ontario, the company manufactures solar PV modules, provides battery energy storage solutions and develops utility-scale solar power and battery energy storage projects.[1][2]

History

[edit]

Dr. Shawn Qu founded Canadian Solar in 2001 in Guelph, Ontario.[3] In November 2006, the company went public (Nasdaq: CSIQ) trading at $15 per share.[4]

In October 2017, Canadian Solar listed the Canadian Solar Infrastructure Fund Inc. (CFSI) on the Tokyo Stock Exchange. The fund’s initial public offering (IPO) of 177,800 investment units was priced at JPY 100,000 (US $879) per unit. The proceeds supported the acquisition of 13 solar power facilities with a combined capacity of 72.7 MWp from Canadian Solar subsidiaries in Japan.[5]

In 2021, the firm relocated Recurrent Energy, its subsidiary that develops, owns, and operates solar and energy storage projects globally, to Austin,Texas.[6]

In September 2022, Canadian Solar launched a residential energy storage solution, the EP Cube. Up to six units can be connected to deliver up to 119.9 kWh of energy storage and 45.6 kW output for home use.[7]  

In June 2023, Canadian Solar announced plans to construct its first U.S. manufacturing plant in Mesquite, Texas. The $250 million plant, which will employ up to 1,500 people, is designed to produce 20,000 solar panels a day, totaling 5 GW of annual production capacity.[6] In March 2024, Canadian Solar agreed to supply Sol Systems with solar modules from the finished factory.[8]  The company’s other manufacturing centers are in Asia and Canada.[6]

In June 2023, CSI Solar, the solar manufacturing subsidiary of Canadian Solar, completed an IPO and began trading on the Shanghai Stock Exchange. Shares in the IPO were listed at RMB 11.10 (US $1.55) each, with total closing revenue of approximately RMB 6 billion (US $840 million).[9]

In July 2023, the firm's utility-scale battery energy storage subsidiary was rebranded from CSI Energy Storage to e-STORAGE. The subsidiary’s two automated factories supply battery energy storage solutions to the US, Canada, the UK, and China.[10]

In November 2024, Canadian Solar announced plans to construct a $712 million battery plant in Shelbyville, Kentucky. The largest economic development project in Shelby County history, the Shelbyville Battery Manufacturing plant will build utility-scale batteries that utilities and project developers will use for energy storage. Located about 30 miles from downtown Louisville, the one-million-square-foot project will initially have a capacity of 3 GWh, with a second phase expected to double production capacity. Limited production is scheduled to begin in 2025, with full-scale production expected in early 2026.[11][12]

Canadian Solar participates in the United Nations Global Compact and CDP Climate Change Disclosure as of 2023. Released in 2024, Canadian Solar’s 2023 Corporate Sustainability Report cited ongoing reductions in greenhouse gas emissions and energy, water, and waste intensities.[13]

Controversies

In 2021, the Human Rights Foundation criticized Canadian Solar after The Globe and Mail reported that the company operated a solar farm in Xinjiang, China near a Uyghur internment camp.[14]The Guelph Mercury Tribune later reported a second solar farm in Xinjiang with ties to a supplier of Canadian Solar.[15] The Globe also reported a 2019 agreement between Canadian Solar and polysilicon manufacturer GCL-Poly, a company whose Xinjiang subsidiary had ties to forced labor.[16] In 2021, Canadian Solar denied any connection to forced labor in its operations or supply chain and was working with polysilicon suppliers to establish auditing processes.[17][18] Later that year, Canadian Solar sold both of its Xinjiang solar power plants to a consortium of Chinese banks and investment groups and no longer has any Xinjiang locations, The Mercury Tribune reported.[19] In August 2023, the U.S. Department of Commerce ruled that Canadian Solar circumvented tariffs on Chinese-made goods.[20]

Acquisitions

[edit]

Canadian Solar completed the acquisition of solar developer Recurrent Energy from Sharp Corporation for approximately $265 million in 2015.[21]

Manufacturing

[edit]

Canadian Solar operates production facilities in the United States, Canada, China, Indonesia, Vietnam and Brazil, where it manufactures ingots, wafers, solar cells, solar PV modules, solar power systems, and other solar products.[22]

Products

[edit]

PV Modules and Systems -- The firm's standard PV modules are powered 210mm and 182mm N-type TOPCon solar cells that absorb and convert light from both sides of the module.[23] As of 2024, Canadian Solar delivered more than 133 GW of solar PV modules globally, making the firm one of the largest global suppliers of TOPCon solar cell technology.[23] [24]

Battery Energy Storage Systems (BESS) -- As of August 2024, Canadian Solar’s batter energy storage subsidiary, e-STORAGE, has shipped more than 6.5 GWh of battery energy storage solutions globally.[25]

Utility-Scale Solar PV Projects -- Since entering the project development business in 2010, Canadian Solar has developed, built, and connected over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects across the world.[1]

Projects

[edit]

Europe

[edit]

North America

[edit]
  • 27 MW – Sunnybrook Health Services, Canada (2009)
  • 5 MW – Extreme Makeover: Home Edition, Georgia, USA (May 2010)
  • 148 MW – Ronald McDonald House, San Diego, California, USA (June 2010)
  • 5 MW – Keystone Solar Farm, Pennsylvania, USA (October 2012)
  • 8.5 MW - Canadian Solar 1 (CS1), Canada (August 2012)
  • 10 MW – Brockville 1, Canada (June 2013)
  • 9 MW – Brockville 2, Canada (September 2013)
  • 10 MW – Silvercreek Solar Park, Canada (January 2014)
  • 146.4 MW – Honduras (October 2014) [27]
  • 28.4 MW – Los Angeles, California (November 2014) [28]
  • 5.86 MW – Massachusetts (July 2014) [29]
  • 10 MW – Ontario, Canada (January 2015)
  • 100 MW – Ontario, Canada (July 2015) [30]
  • 100 MW – Texas Solar Project, Texas (November 2015) [31]
  • 100 MW – Kings County, California (August 2016) [32]
  • 200 MW – California (September 2016) [33]
  • 258 MW – Fresno County, California (September 2016) [34]
  • 60 MW – Los Angeles, California (September 2016) [35]
  • 5.74 MW – Fowler, California (November 2016) [36]

South America

[edit]
  • 185 MW – Brazil (September 2016) [37]
  • 191.5 MW – Brazil (October 2016) [38]
  • 114 MW – Brazil (November 2016) [39]

Asia-Pacific

[edit]
  • 30 MW - Near Tumxuk, Xinjiang, China (2019)[17]
  • 10 MW – Ninxiahongsibao, China (August 2010)
  • 20 MW – Wulate, Inner Mongolia, China (December 2013)
  • 30 MW – Suzhou Golden Sun Projects, China (November 2012)
  • 25 MW – Gajner, Bikaner, Rajasthan, India (November 2013)
  • 1.3 MW – Hyogo, pref. Awaji city, Japan (January 2013)
  • 5 MW – Normanton Solar Farm, Australia (December 2015) [40]
  • 17.4 MW – Longreach Solar Farm, Australia (September 2016) [41]
  • 30 MW – Oakey Solar Farm, Australia (September 2016) [41]
  • 30 MW – Telangana, India (October 2016) [42]
  • 190MW - Suntop Solar Farm - Australia (October 2020)
  • 146MW - Gunnedah Solar Farm, Australia (October 2020)

References

[edit]
  1. ^ a b "ABOUT US – Canadian Solar – Global". Retrieved December 3, 2024.
  2. ^ "Canadian Solar 2023 SEC Form 20-F". www.sec.gov. Retrieved December 4, 2024.
  3. ^ research, ESP equity (February 22, 2024). "Canadian Solar Stock: An Undervalued Canadian Company With International Operations (CSIQ) | Seeking Alpha". seekingalpha.com. Retrieved December 3, 2024.
  4. ^ "2006: The Year of the Solar IPO Boom". SeekingAlpha. January 22, 2007. Archived from the original on October 12, 2007. Retrieved February 20, 2021.
  5. ^ Tisheva, Plamena (October 26, 2017). "Canadian Solar's Japanese fund prices IPO | Solar Power News | Renewables Now". renewablesnow.com. Retrieved December 3, 2024.
  6. ^ a b c "Canadian solar panel maker bringing 1,500 jobs to Mesquite". Dallas News. June 15, 2023. Retrieved December 3, 2024.
  7. ^ Pickerel, Kelly (September 13, 2022). "Canadian Solar unveils EP Cube residential energy storage system". Solar Power World. Retrieved December 3, 2024.
  8. ^ "Canadian Solar to supply Texas-made TOPCon modules to Sol Systems". pv magazine USA. March 4, 2024. Retrieved December 3, 2024.
  9. ^ Norman, Will (June 12, 2023). "CSI Solar completes IPO, begins trading on Shanghai Stock Exchange". PV Tech. Retrieved December 3, 2024.
  10. ^ Djunisic, Sladjana (July 11, 2023). "Canadian Solar re-brands battery storage unit to e-STORAGE | Energy Storage News | Renewables Now". renewablesnow.com. Retrieved December 3, 2024.
  11. ^ Giffin, Olivia Evans and Connor. "EXCLUSIVE: Shelby County to get $700M battery facility, largest project in county history". The Courier-Journal. Retrieved December 3, 2024.
  12. ^ "Canadian Solar announces nearly $712 million project for Kentucky battery plant". Renewable Energy World. November 18, 2024. Retrieved December 3, 2024.
  13. ^ Roy, S. R. C. (June 6, 2024). "Canadian Solar Releases 2023 Corporate Sustainability Report". SolarQuarter. Retrieved December 3, 2024.
  14. ^ "Canadian firms operate in China's Xinjiang region". The Globe and Mail. January 18, 2021. Retrieved December 3, 2024.
  15. ^ Mercury, Graeme McNaughton Guelph (July 22, 2021). "Guelph solar panel company has ties with Chinese firm sanctioned over forced labour". Guelph Mercury. Retrieved December 3, 2024.
  16. ^ "Canadian Solar denies use of forced labour at its solar farm in weste…". archive.ph. February 8, 2021. Retrieved December 3, 2024.
  17. ^ a b Green, David; VanderKlippe, Nathan (January 18, 2021). "Canadian firms operate in China's Xinjiang region". The Globe and Mail. Retrieved January 18, 2021.
  18. ^ "Canadian Solar vows probe into allegations it used forced labour in X…". archive.ph. May 3, 2022. Retrieved December 3, 2024.
  19. ^ Mercury, Graeme McNaughton Guelph (May 11, 2022). "Guelph company backtracks on blocking forced labour audit of its Chinese supply chain, operations". Guelph Mercury. Retrieved December 3, 2024.
  20. ^ "DOC Issues". Morgan Lewis.
  21. ^ "Canadian Solar to Acquire Recurrent Energy from Sharp Corporation for $265 Million". Recurrent Energy. February 3, 2015.
  22. ^ "This solar giant is moving manufacturing back to the US". MIT Technology Review. Retrieved December 3, 2024.
  23. ^ a b "Canadian Solar to supply Texas-made TOPCon modules to Sol Systems". pv magazine USA. March 4, 2024. Retrieved December 3, 2024.
  24. ^ "Canadian Solar reports second quarter 2024 results". Yahoo Finance. August 22, 2024. Retrieved December 3, 2024.{{cite web}}: CS1 maint: url-status (link)
  25. ^ "Investor Presentation". Canadian Solar. Retrieved December 3, 2024.
  26. ^ "Canadian Solar & Green City Complete 1-MW Project". www.renewableenergyworld.com. Retrieved October 12, 2018.
  27. ^ "Canadian Solar Inc. (CSIQ) Strikes 146.4 MW Honduras Deal". Retrieved October 14, 2018.
  28. ^ "Canadian Solar Completes Sale of 28.4 MW Solar Plant in the United States" (Press release). PR Newswire. Retrieved October 12, 2018 – via Canadian Solar.
  29. ^ "EDF Completes 5.86 MW in Massachusetts". Archived from the original on November 10, 2016. Retrieved November 9, 2016.
  30. ^ "Canadian Solar Completes 100 MW Utility-Scale Project In Ontario - Solar Industry". Solar Industry. July 27, 2015. Retrieved October 14, 2018.
  31. ^ "Canadian Solar Subsidiary Recurrent Energy Partners in 157 MW Texas Solar Project | AltEnergyMag". Retrieved October 12, 2018.
  32. ^ "Canadian Solar subsidiary brings 100 MW California solar plant online - Canadian Manufacturing". Canadian Manufacturing. August 23, 2016. Retrieved October 14, 2018.
  33. ^ "Canadian Solar Subsidiary Recurrent Energy Completes 200 Megawatt Tranquillity Solar Project" (Press release). PR Newswire – via Canadian Solar.
  34. ^ "Das Internetportal für erneuerbare Energien". Solarserver. Retrieved November 14, 2019.
  35. ^ "Canadian Solar Subsidiary Recurrent Energy Reaches Commercial Operation of 60 Megawatt Barren Ridge Solar Project". Archived from the original on November 10, 2016. Retrieved November 9, 2016.
  36. ^ "Canadian Solar Supplies 5.74 MW of PV Modules to Agricultural Projects in California". finance.yahoo.com. Archived from the original on November 4, 2016. Retrieved January 17, 2022.
  37. ^ "Canadian Solar Gets 185-MW Solar PV Projects in Brazil". NASDAQ.com. September 4, 2015. Retrieved October 12, 2018.
  38. ^ "Canadian Solar and EDF Energies Nouvelles to Partner and Start Construction of a 191.5 MWP Solar Energy Project in Brazil". finance.yahoo.com. Archived from the original on October 12, 2016. Retrieved January 17, 2022.
  39. ^ "Canadian Solar Wins 114 MW of Solar Power Projects In Brazil" (Press release). PR Newswire. Retrieved October 12, 2018 – via Canadian Solar.
  40. ^ "Solar Project: Normanton Solar Farm, Australia". Canadian Solar. Retrieved October 12, 2018.
  41. ^ a b "Canadian Solar Wins ARENA Funding For 47MWp Solar Power Projects In Australia". Archived from the original on November 10, 2016. Retrieved November 9, 2016.
  42. ^ "Canadian Solar Enters India's Solar Market | CleanTechnica". cleantechnica.com. October 25, 2016. Retrieved October 12, 2018.
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