Canadian Solar

BlackRock's $500 million investment in Canadian Solar's Recurrent Energy unit will boost renewable power and energy storage projects in the US and Europe, aligning with BlackRock's alternative asset ambitions. Canadian Solar shares surged 21% on the news.

Canadian Solar is investing in the US and Southeast Asia, with a new 5 GW solar wafer production unit in Thailand set to be operational by March 2021. Wafers to be used in the Indiana cell plant by 2025. US investment also includes a module assembly plant in Texas and a 1 GWh DC project in Arizona.

EDF Renewables North America and Canadian Solar announce multi-year agreement for 7GW of high efficiency solar modules. Canadian Solar to invest US$250m in Texas factory, creating 1,500 jobs and 5GW of annual output. Agreement aligns with IRA guidelines.

Canadian Solar Inc (NASDAQ: CSIQ) revealed on Wednesday it has settled the sale of the 100-MWp Azuma Kofuji solar park in Japan's northeastern prefecture of Fukushima to regional investors arranged by Mizuho Securities Co Ltd

CSI Solar Co Ltd, a majority-owned unit of Canadian Solar Inc (NASDAQ: CSIQ), will certainly look for to increase CNY 6 billion (USD 845.4 m/EUR 790.4 m) gross in its going public (IPO) in Shanghai, the parent company stated on Tuesday.

Canadian Solar Inc on Wednesday revealed that its CSI Energy Storage business has actually safeguarded an order to supply 363 MWh of battery energy products to Aypa Power, a Blackstone portfolio business.

The PPA has actually been signed with an Industry Consortium in Texas and also the solar project is expected to be operational in 2024. 100 MW of solar energy will be provided to EMD Electronics, Biogen Inc., Wayfair Inc., Autodesk, Inc. as well as a large medical care firm.

By the end of Q1 2024, CSI Solar intends to add 30 GW of ingot, 15 GW of wafer, 10 GW of cell and also 25 GW of module capacity. For 2022, Canadian Solar clocked a net income of $240 million that it lately announced.

The solar supplier has actually introduced its fourth quarterly and also full yearly 2022 results. Canadian Solar achieved record revenues of $7.47 billion last year which is a dive of 42% YoY. Worldwide solar maker Canadian Solar Inc. has actually announced its financial results for the 4th quarter and full year ended December 31, 2022.

Manufacturer of solar PV modules which also looks into large-scale solar projects, Canadian Solar, has shared that 3 of its solar power projects based have actually accomplished industrial operation in the first quarter of 2023. The cumulative capacity of these projects is 42 MWp.

Three PV plans completing 42MWp came on stream in the initial quarter of 2023

Projects in Andalucían and Castilla y León regions have a total capacity of 685MW

The notes may qualify as "green bonds" according to the International Capital Market Association (ICMA) Green Bond Principles. The notes will just be supplied and also sold to non-US persons outside the USA.

The energy storage items supplied by CSI Energy Storage will certainly be made use of to support Aypa Power's 487 MWh standalone energy storage project in Southern California. The standalone energy storage project is anticipated to be functional by the initial half of 2024.

Its majority-owned subsidiary CSI Solar has actually participated in a multi-year investment agreement with the municipal government of Yangzhou City in Jiangsu Province in China. In initial phase, the company will certainly include a capacity of 14 GW of wafer and also cell production.