Solar technology and renewable energy company Canadian Solar posted a nearly 152% increase in net income last year, while its solar project development pipeline increased.
Canadian Solar has received the green light for 685MW of PV projects in Spain, the same week that it announced commercial operation of three Japanese solar plants totalling 42MWp.
CSI Solar has announced plans to expand its solar and battery storage manufacturing capacity in China, through an investment agreement with the municipal government of Yangzhou City in Jiangsu Province.
Solar tracker manufacturer Soltec has signed an agreement with Canadian Solar and SPIC to supply 738MW of its trackers to two Brazilian solar projects.
CSI Solar, the majority-owned subsidiary of PV manufacturer Canadian Solar, will commence mass production of high-efficiency n-type TOPCon solar modules from Q1 2023. The company said its TOPCon modules could reach up to 690W of power output.
With the US Department of Commerce finding that solar manufacturers in Southeast Asia are circumventing duties on Chinese PV cells, questions have been raised over potential legal challenges that lie ahead and whether American project developers will be able to secure enough modules to meet soaring demand.
Canadian Solar has signed a 256MW module supply agreement with South African independent power producer (IPP) SOLA Group. The modules will supply what Canadian Solar has said will be South Africa’s two largest solar PV plants.
Canadian Solar expects to start shipping the first TOPCon products early next year and will focus on the technology in the future with all new cell capacity.
