Canadian Solar has warned of solar cell overcapacity next year, slamming the breaks on its own cell manufacturing expansion plans while accelerating on its module assembly roadmap.
The US International Trade Commission (ITC) has ruled in favour of US solar manufacturer Solaria in an initial ruling related to alleged patent infringement by Canadian Solar.
Liam Stoker reflects on the worsening crisis affecting solar module manufacturing and supply, with five of the industry's largest manufacturers calling for industry-wide collaborative efforts to resolve it.
Sonnedix, Opdenergy and Canadian Solar were among the five successful bidders in Chile’s latest power auction, which took place yesterday (7 September) and will see the country support 2GW of renewables and storage installations.
Reports have emerged alleging that US officials have begun detaining solar module shipments suspected of infringing the withhold and release order (WRO) implemented in June.
Canadian Solar has tweaked its planned capacity expansions for this year, stripping back module assembly capacity expansion to instead produce more solar wafers and cells as the industry continues to recalibrate following months of supply chain volatility.
Canadian Solar reported record quarterly revenue in Q2 2021, buoyed by a return to profit from its manufacturing division, but reduced its total shipment guidance for the year amidst continued industry headwinds.
Canadian Solar has closed a BRL500 million (US$100 million) financing facility to develop a Brazilian solar portfolio claimed to be the country’s largest, while also giving it the option to hold built solar assets for longer.
