As part of well-publicised plans to keep capital expenditure at low levels while still being able to aggressively ramp capacity, Canadian Solar is partnering with Suzhou New District Economic Development Group (SND) and Suzhou Science and Technology City Development Co (SST) in building a new 600MW solar cell plant in Suzhou, Jiangsu Province. Under the terms of the agreement, Canadian Solar will contribute 61% of the registered equity.
Plans were highlighted at Canadian Solar’s recent first-quarter conference call that a new 600MW solar cell plant that would use metal-wrap-through (MWT) technology but be run as a joint venture operation to reduce capital outlay.
The new factory, which is said to be located approximately 8 km from Canadian Solar's current solar cell production facility, will employ the company’s proprietary ELPS and ESE high-efficiency solar cell technology.
According to Canadian Solar, the new ELPS technology is capable of boosting solar cell efficiency up to 19.5% with monocrystalline wafers and up to 18% using polycrystalline wafers.
Canadian Solar announced the day before that it would partner once again with GCL-Poly on a new 600MW wafer plant.