Canadian Solar to increase module shipments by 66% in 2023

Facebook
Twitter
LinkedIn
Reddit
Email
The total module shipment will reach 35GW in 2023. Image: Canadian Solar via Twitter.

Solar technology and renewable energy company Canadian Solar has announced that its module shipment this year will reach up to 35GW.

In its preliminary results and outlook announcement, the company said its total module shipments would increase from 21.09GW in 2022 to up to 35GW this year, up 66% year-on-year. In Q1 2023, module shipments will be from 5.9GW-6.2GW due to “usual seasonality”, increasing by 62.5%-70.8% year-on-year compared to Q1 2022. In this quarter, the company only shipped 3.63GW of modules.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

In Q4 2022, Canadian Solar’s module shipment was about 6.4GW, increasing from 3.8GW, or by 68.4%, year-on-year compared to Q4 2021.

The company’s revenue in Q1 2023 will be in the range of US$1.6 billion to US$1.8 billion, up from US$1.25 billion in Q1 2022, or by 28%-44% year-on-year. In Q4 2022, its revenue was expected to be US1.97 billion, increasing from US$1.53 billion, or by 28.8%, in Q4 2021.

Lastly, its net income in Q4 2022 was expected to be about US$70 million, increasing from US$26 million in Q4 2021.

26 November 2024
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 28, 2024
Seattle, USA
Solar Media Events, Industry Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA