In Short : Canadian Solar has announced plans to build an $800 million solar photovoltaic (PV) cell manufacturing facility in Indiana, USA. The facility aims to produce high-efficiency solar cells and modules, supporting the growing demand for renewable energy in the region. This investment underscores Canadian Solar’s commitment to expanding its manufacturing capabilities and advancing […]
CSI Energy wins battery storage systems contract from Unibal – EQ Mag
Canadian Solar said CSI Solar subsidiary CSI Energy Storage has entered into a supply agreement with Unibal, a joint venture between Union Group and Capbal, to deliver battery storage systems for two projects totaling 40 MWh in the United Kingdom. The projects are expected to reach commercial operation in Q1 2024. Unibal Energy is a […]
Canadian Solar unit unveils utility-scale battery, aims to quadruple its battery manufacturing capacity by 2023
Dubbed SolBank, the company’s lithium iron phosphate battery enclosure has a usable energy capacity of 2,800kWh. In addition, it is designed with liquid cooling and humidity control along with active balancing battery management system (BMS) technologies. CSI Energy Storage currently produces the SolBank at its workshops in Jiangsu Province in China. The current annual battery […]
Canadian Solar’s Subsidiaries, CSI Energy Storage Launches the Solbank Product For Utility-Scale Applications and Announces 10 GWh Battery Manufacturing Capacity – EQ Mag Pro
GUELPH, ON : Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that CSI Energy Storage, which is part of its majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), will launch the SolBank, a proprietary designed and manufactured energy storage battery solution for utility-scale applications. CSI Energy Storage also announced the expansion […]
Canadian Solar Awarded 253 MWp Solar Plus 1,000 Mwh Battery Energy Storage Project in Chile Public Tender – EQ Mag Pro
GUELPH, Ontario : Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced it was awarded a 253 MWp solar plus 1,000 MWh battery energy storage project (“Zaldivar Project”) in Chile’s public tender CNE 2022/01 held by Chile’s Energy National Commission (CNE) in July 2022. The CNE awarded a total of 777 GWh/year […]
Canadian Solar Reports Second Quarter 2022 Results – EQ Mag Pro
GUELPH, ON : Canadian Solar Inc. (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ) today announced financial results for the second quarter ended June 30, 2022, with solar module shipments, revenue and gross margin all at or exceeding the high end of prior guidance. Highlights Solar module shipments of 5.06 GW, at the high end of […]
Canadian Solar Secures 136 Million Brazilian Reais Financing For LAVRAS II Project in Brazil – EQ Mag Pro
GUELPH, ON : Canadian Solar Inc. (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ), today announced it has secured 136 million Brazilian reais (approximately US$28 million) non-recourse project financing from Banco do Nordeste do Brasil S.A. (BNB) to support construction and operation of its 79 MWp Lavras II solar power project in Brazil. BNB is the […]
Canadian Solar Sells to Spic Brasil 70% Stake In 738 MWp Solar Projects – EQ Mag Pro
GUELPH, ON : Canadian Solar Inc. (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ), today announced it signed an agreement with SPIC Brasil, a leading power generation company in Brazil, to sell 70% stake in the Company’s 738 MWp solar projects, Marangatu and Panati-Sitia. The Marangatu and Panati-Sitiá projects, 446 MWp and 292 MWp each in […]
Canadian Solar Successfully Completes Sunflower Solar Station Under A Bta For Entergy Mississippi – EQ Mag Pro
State’s largest solar project provides clean, renewable energy and economic advantages GUELPH, ON and JACKSON, Miss. : Canadian Solar Inc. (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ) today announced its wholly owned subsidiary Recurrent Energy, LLC (“Recurrent”) successfully completed the construction on a 100-megawatt renewable solar power plant near Ruleville in the Mississippi Delta, providing […]
Canadian Solar Ranks No.1 In Cumulative Capacity of Solar Projects Awarded in Japan’s Solar Auction Program – EQ Mag Pro
GUELPH, ON : Canadian Solar Inc. (“Canadian Solar”, “the Company”) (NASDAQ: CSIQ) today announced that its wholly-owned subsidiary Canadian Solar Projects K.K. together with its owned special purpose vehicles (SPVs), topped the ranking of cumulative capacity of solar projects awarded under Japan’s feed-in tariff (FIT) auction program since its launch in 2017, according to a […]