Canadian Solar

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Canadian Solar Inc.
Public company
Traded as CSIQ (NASDAQ)
Industry Renewable energy, Photovoltaics industry
Founded 2001 (2001)
Founder Dr. Shawn Qu, Chairman and CEO
Headquarters Guelph (Ontario), Canada
Number of locations
Canada, Germany, Italy, Spain, South Africa, India, United Arab Emirates, Japan, Korea, Australia, the United States, Singapore, Hong Kong, China, Brazil, Panama, Turkey, United Kingdom, South Africa, Vietnam, Indonesia
Products Photovoltaic modules, Photovoltaic systems
Revenue $3.5 billion (USD, 2015)
Number of employees
circa 9,000
Website www.canadiansolar.com

Canadian Solar Inc. is a publicly traded company (NASDAQ: CSIQ) that manufactures solar PV modules and provides turn-key solar energy solutions.

Company history[edit]

Founded in 2001 in Canada by Dr. Shawn Qu, Canadian Solar (NASDAQ: CSIQ) has business subsidiaries in over 24 countries on 6 continents.[1] Besides serving as a manufacturer of solar PV modules and provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. With the company’s recent acquisition of Recurrent Energy, Canadian Solar’s total project pipeline is now 20.4 GW, including an increase in the late-stage project pipeline to 2.4 GW. 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.[2]

Manufacturing[edit]

Canadian Solar production facilities in Canada, China, Indonesia, Vietnam and Brazil are structured for the manufacturing of ingots, wafers, solar cells, solar PV modules, solar power systems and specialized solar products.

The bulk of Canadian Solar's manufacturing facilities are located in Canada and China.[3] The Ontario plant has a production capacity of over 500 MW per year.[4]

Projects[edit]

Below are some of Canadian Solar's worldwide project references:

Europe[edit]

  • 1 MW – Munich, Germany (July 2010) [5]
  • 70 MW – Solarpark Meuro, Meuro, Germany (August 2011)
  • 78 MW – Senftenberg Solarpark Senftenberg, Germany (September 2011)
  • 70 MW – Rovigo Photovoltaic Power Plant, Rovigo, Italy (November 2010)
  • 15 MW – Three systems of 5 MW each, Conwall, UK (September 2011)
  • 8 MW – Villeneuve de Marsan, France (April 2012)
  • 4.1 MW – Balakli, Bulgaria (June 2012)

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) [6]
  • 28.4 MW – Los Angeles, California (November 2014) [7]
  • 5.86 MW – Massachusetts (July 2014) [8]
  • 10 MW – Ontario, Canada (January 2015)
  • 100 MW – Ontario, Canada (July 2015) [9]
  • 100 MW – Texas Solar Project, Texas (November 2015) [10]
  • 100 MW – Kings County, California (August 2016) [11]
  • 200 MW – California (September 2016) [12]
  • 258 MW – Fresno County, California (September 2016) [13]
  • 60 MW – Los Angeles, California (September 2016) [14]
  • 5.74 MW – Fowler, California (November 2016) [15]

South America[edit]

  • 185 MW – Brazil (September 2016) [16]
  • 191.5 MW – Brazil (October 2016) [17]
  • 114 MW – Brazil (November 2016) [18]

APAC[edit]

  • 1925 MW – 2008 Summer Olympics Beijing Olympic Games Stadium Beijing, China (2008) [19]
  • 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) [20]
  • 17.4 MW – Longreach Solar Farm, Australia (September 2016) [21]
  • 30 MW – Oakey Solar Farm, Australia (September 2016) [22]
  • 30 MW – Telangana, India (October 2016) [23]

Products & projects[edit]

Canadian Solar offers solar modules, solar power systems, off-grid solar home application systems and specialized solar products.

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 from commercial systems of a few hundred kilowatts to utility-scale projects measured in mega-watts.

Acquisitions[edit]

Recurrent Energy: Canadian Solar (Nasdaq: CSIQ) completed the acquisition of solar developer Recurrent Energy from Sharp Corp for approximately $265 million in 2015.[24]

Technology[edit]

Canadian Solar's standard modules are powered by 156 x 156 mm (6 inch) mono-crystalline or poly-crystalline solar cells.

References[edit]

  1. ^ http://www.canadiansolar.com/about.html
  2. ^ http://www.canadiansolar.com/about.html
  3. ^ Solar firm making return to its Canadian roots
  4. ^ Canadian Solar, a home-grown success story
  5. ^ http://www.renewableenergyworld.com/articles/2010/07/canadian-solar-green-city-complete-1-mw-project.html
  6. ^ https://finance.yahoo.com/news/canadian-solar-inc-csiq-strikes-210002736.html
  7. ^ http://www.prnewswire.com/news-releases/canadian-solar-completes-sale-of-284-mw-solar-plant-in-the-united-states-300000113.html
  8. ^ http://solartoday.org/2014/07/edf-completes-5-86-mw-in-massachusetts/
  9. ^ http://solarindustrymag.com/canadian-solar-completes-100-mw-utility-scale-project-in-ontario/
  10. ^ http://www.altenergymag.com/news/2015/12/01/canadian-solar-subsidiary-recurrent-energy-partners-in-157-mw-texas-solar-project/22181
  11. ^ http://www.canadianmanufacturing.com/operations/canadian-solar-subsidiary-brings-100-mw-california-solar-plant-online-174404/
  12. ^ http://www.prnewswire.com/news-releases/canadian-solar-subsidiary-recurrent-energy-completes-200-megawatt-tranquillity-solar-project-300333796.html
  13. ^ http://www.solarserver.com/solar-magazine/solar-news/current/2016/kw39/canadian-solar-subsidiary-completes-258-mw-tranquillity-solar-pv-plant-in-california.html
  14. ^ http://www.newschannel10.com/story/33277304/canadian-solar-subsidiary-recurrent-energy-reaches-commercial-operation-of-60-megawatt-barren-ridge-solar-project
  15. ^ https://finance.yahoo.com/news/canadian-solar-supplies-5-74-110000849.html
  16. ^ http://www.nasdaq.com/article/canadian-solar-gets-185-mw-solar-pv-projects-in-brazil-cm517051
  17. ^ https://finance.yahoo.com/news/canadian-solar-edf-energies-nouvelles-110000207.html
  18. ^ http://www.prnewswire.com/news-releases/canadian-solar-wins-114-mw-of-solar-power-projects-in-brazil-281747091.html
  19. ^ http://www.canadiansolar.com/solar-projects/beijing-olympics-china.html
  20. ^ http://www.canadiansolar.com/au/solar-projects/normanton-solar-farm-australia.html
  21. ^ https://www.thestreet.com/story/13754547/1/canadian-solar-wins-arena-funding-for-47mwp-solar-power-projects-in-australia.html
  22. ^ https://www.thestreet.com/story/13754547/1/canadian-solar-wins-arena-funding-for-47mwp-solar-power-projects-in-australia.html
  23. ^ https://cleantechnica.com/2016/10/25/canadian-solar-enters-indias-solar-market/
  24. ^ http://recurrentenergy.com/press-release/canadian-solar-to-acquire-recurrent-energy/