Canadian Solar

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

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

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

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

Europe

  • 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

  • 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

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

APAC

  • 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

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

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

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

References

  1. ↑ Inc, Canadian Solar. "Make The Difference | Canadian Solar". www.canadiansolar.com. Retrieved 2018-10-12.
  2. ↑ Inc, Canadian Solar. "Make The Difference | Canadian Solar". www.canadiansolar.com. Retrieved 2018-10-12.
  3. ↑ Solar firm making return to its Canadian roots
  4. ↑ "Canadian Solar, a home-grown success story". APPrO. Retrieved 2018-10-14.
  5. ↑ "Canadian Solar & Green City Complete 1-MW Project". www.renewableenergyworld.com. Retrieved 2018-10-12.
  6. ↑ "Canadian Solar Inc. (CSIQ) Strikes 146.4 MW Honduras Deal". Retrieved 2018-10-14.
  7. ↑ Inc., Canadian Solar. "Canadian Solar Completes Sale of 28.4 MW Solar Plant in the United States". www.prnewswire.com. Retrieved 2018-10-12.
  8. ↑ http://solartoday.org/2014/07/edf-completes-5-86-mw-in-massachusetts/
  9. ↑ "Canadian Solar Completes 100 MW Utility-Scale Project In Ontario - Solar Industry". Solar Industry. 2015-07-27. Retrieved 2018-10-14.
  10. ↑ "Canadian Solar Subsidiary Recurrent Energy Partners in 157 MW Texas Solar Project | AltEnergyMag". Retrieved 2018-10-12.
  11. ↑ "Canadian Solar subsidiary brings 100 MW California solar plant online - Canadian Manufacturing". Canadian Manufacturing. 2016-08-23. Retrieved 2018-10-14.
  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. ↑ "Canadian Solar Gets 185-MW Solar PV Projects in Brazil". NASDAQ.com. 2015-09-04. Retrieved 2018-10-12.
  17. ↑ https://finance.yahoo.com/news/canadian-solar-edf-energies-nouvelles-110000207.html
  18. ↑ Inc., Canadian Solar. "Canadian Solar Wins 114 MW of Solar Power Projects In Brazil". www.prnewswire.com. Retrieved 2018-10-12.
  19. ↑ Inc, Canadian Solar. "Solar Project: Beijing Olympics, China | Canadian Solar". www.canadiansolar.com. Retrieved 2018-10-12.
  20. ↑ Inc, Canadian Solar. "Solar Project: Normanton Solar Farm, Australia | Canadian Solar". www.canadiansolar.com. Retrieved 2018-10-12.
  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. ↑ "Canadian Solar Enters India's Solar Market | CleanTechnica". cleantechnica.com. Retrieved 2018-10-12.
  24. ↑ http://recurrentenergy.com/press-release/canadian-solar-to-acquire-recurrent-energy/
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