Canadian Solar raises US$150m to fund energy storage growth, possible M&A

Facebook
Twitter
LinkedIn
Reddit
Email
A solar project developed by Canadian Solar in Ontario. Image: Canadian Solar

‘Solar Module Super League’ (SMSL) member Canadian Solar has raised US$150 million through a share offering, with proceeds set to help the manufacturer expand its energy storage arm.

However the company said it may also use a portion of the proceeds to invest in or acquire businesses, assets or technologies that it believes are “complementary to its business”.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Canadian Solar sold just over 3.6 million shares through an ‘at-the-market’ offering, raising US$150 million before deducting any commissions and expenses associated with the offering.

Net proceeds from the offering are to be invested in its battery storage business, growing its energy storage project pipeline, as well possible investments or acquisitions of businesses, assets or technologies.

It may also use the proceeds to strengthen to its portfolio of solar assets in Europe and Brazil, the SMSL member said.

While Canadian Solar has maintained a solar PV project development arm, it is a relative newcomer to the battery energy storage space. It has quickly amassed a sizeable pipeline, however, and at its Q3 results earlier this month Canadian Solar revealed it had 2.9GWh of battery storage projects current under construction and a further pipeline of 21GWh.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 6, 2025
US utility AES Corporation is reportedly in discussions to be acquired by Global Infrastructure Partners (GIP), a subsidiary of global asset owning giant BlackRock.
October 3, 2025
SunStrong Management has raised US$900 million to refinance a 'large portfolio' of residential solar assets developed by SunPower.
October 3, 2025
Chinese government policies and supply-side production cuts will drive a significant increase in solar and storage component costs.
September 30, 2025
SynergyRED, a wholly owned subsidiary of Synergy, has submitted a development application for a 2GW hybrid renewable energy project in Western Australia's Mid-West Region.
September 29, 2025
German renewables developer ABO Energy is looking to begin owning and operating its energy projects in a transition from a “pure play” developer to an independent power producer (IPP) model.
September 29, 2025
Burns & McDonnell examines the outlook of the utility-scale solar sector amidst the latest policy and tariff changes.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland