‘Solar Module Super League’ (SMSL) member, Canadian Solar has reported a net loss of US$17.2 million in the first quarter of 2019, which was expected, due to a slowdown in PV power plant project sales and rebuilds its late-stage projects pipeline for 2020 onwards.
DNV GL says solar industry most advanced energy sector to drive digital transformation, Canadian Solar secures US$50 million term loan from Credit Suisse, Energix plans US$120 million module deal with First Solar.
Canadian Solar subsidiary Canadian Solar Projects K.K. has expanded and renewed its credit facility with a syndicate of four finance leasing institutions led by Sumitomo Mitsui (SMFL), a member of Sumitomo Mitsui Financial Group.
‘Solar Module Super League’ (SMSL) member, Canadian Solar does not expect to repeat last year’s strong profitability growth in 2019, due to falling PV module ASPs (Average Selling Prices) and a slowdown in PV power plant project sales as it rebuilds its late-stage projects pipeline for 2020, onwards.
2019 marks the fourth year of GCL-SI’s entry into the Japanese market. At PV EXPO 2019 Japan, GCL-SI exhibited a number of high efficiency modules including cast mono, shingling and bifacial modules, featuring cast mono module series in particular.