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.

Read Next

February 14, 2025
Muswellbrook Shire Council in New South Wales, Australia, has backed a solar module recycling mandate for a 135MW solar PV plant being developed by Swedish solar developer OX2.
February 13, 2025
A report from CEA says that the impact of the new Republican administration on the provisions under the IRA remains “uncertain”.
February 12, 2025
Trina Solar has filed a lawsuit against Canadian Solar, seeking US$144.7 million for the alleged infringement of two patents.
February 10, 2025
Factors including import duties and changing tax rates in China have driven up US module prices, according to CEA's latest pricing report.
February 6, 2025
Solar module prices in Europe have risen after months of decline, driven by price increases from Chinese manufacturers and a tight supply of popular modules in the European market.
Premium
February 6, 2025
Donald Trump's latest tariff threats will have only a minimal impact on PV manufacturing but could create future procurement headaches, write Jonathan Touriño Jacobo and Will Norman.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany
Solar Media Events
March 18, 2025
Sydney, Australia