Canadian solar has beaten guidance in its Q2 2014 results with yield cos driving up demand, and prices, for projects.
The company saw the share of its revenue derived from its projects business increase to 32.6% from 27.4% in the previous quarter.
Module shipments were 646MW, ahead of guidance of 600-630MW and up from 455MW in the same period last year.
“The recent launch of several yield cos has increased demand for our solar power plants and we are already seeing higher prices for our projects,” said Shawn Qu, chairman and CEO, Canadian Solar.
“With respect to the possibility of Canadian Solar launching its own yield co, we are evaluating options in the context of our existing late-stage pipeline and we expect to be in a position to make a decision by early 2015,” he added.
The full results are available on the Canadian Solar website.