Canadian Solar including significant manufacturing ability in 2021 in effort to equal opponents

Nov 20, 2020 10:28 AM ET
  • 'Solar Module Super League' (SMSL) participant Canadian Solar has actually stopped tweaking production ability expansion strategies and guided major plans for 2021 that include ingot, wafer, solar cell as well as module setting up.

The SMSL member said in releasing third quarter economic results that it would certainly expand internal silicon ingot manufacturing by 7,900 MW in 2021, its very first significant expansion given that 2016. The business will certainly raise nameplate ability to 5,100 MW in the initial half of 2021, up from 2,100 MW at the end of 2020.

In the second half of 2021, Canadian Solar will certainly expand annual nameplate ingot nameplate capacity to 10,000 MW.

Canadian Solar's internal nameplate wafer capability has been fixed at 5,000 MW since the end of 2017. New intends revealed would certainly add an overall of 5,800 MW of wafer manufacturing in 2021, taking nameplate ability to 11,300 MW by the end of 2021.

The company did not divulge wafer dimensions for the brand-new growth plans, however these would be expected to be either 182mm x 182mm, 210mm x 210mm, or a mix of both.

Although Canadian Solar would appear to have ditched previous solar cell ability expansions in 2020, these were actually extremely small at just 400MW, as well as prepare for 2021 are a lot more enthusiastic.

With solar cell nameplate capacity static because the end of 2019 at 9,600 MW, the firm plans to include an added 8,600 MW of capability in the initial fifty percent of 2021. No additionally solar cell growth plans were revealed for the 2nd fifty percent of the year.

In overall, Canadian Solar anticipates to have total nameplate ability of 18,200 MW by the end of 2021. The business supplied no details on the places for these big solar cell capacity developments.

In recent years, Canadian Solar has actually mostly added new module setting up ability, maintaining an asset-lite capex version. However, the company intends to raise module assembly capacity by 9,600 MW in 2021 to reach complete nameplate capacity of 25,700 MW.

In 2020, Canadian Solar has just added around 1GW of module setting up capability, taking annual nameplate ability to 16,100 MW. In the initial fifty percent of 2021, the company expects to add a more 7,100 MW of module assembly capacity, complied with by an additional 2,500 MW in the 2nd half of 2021.

By the end of next year, Canadian Solar is preparing to have an annual module assembly nameplate capacity of 25,700 MW. As with the various other development plans, Canadian Solar did give more information on where this growth would certainly occur in China or in what areas of the globe were consisted of in the figures.

Nevertheless, current (September 2020) Chinese media records noted that Canadian Solar subsidiaries in Jiaxing City in north Zhejiang district, China had authorized a Phase II 5GW high-efficiency module setting up plant development that would certainly begin production in the initial quarter of 2021. There has been no update or verification on these reports from Canadian Solar.

Nearly all of Canadian Solar's competing SMSL members (JinkoSolar, Trina Solar, JA Solar, First Solar, LONGi Group and also Risen Energy) have actually already revealed a string of significant capability expansions in 2020 as well as forecasted additional expansions with 2021.