Solar Module Super League (SMSL) member and global solar manufacturer Canadian Solar will build a 5GW solar cell production facility in Jeffersonville, Indiana.
Canadian Solar says the private placement provided the company with enhanced liquidity and flexible funds to grow its subsidiary Recurrent Energy's global business.
The US Department of Commerce has found that five Chinese solar PV manufacturers have been circumventing its import tariffs by relocating minor portions of their supply chains to Southeast Asia.
Solar Module Super League (SMSL) member Canadian Solar has lowered its 2023 revenue guidance primarily due to rapid decline in solar module prices in Q2.