One of the world’s largest solar companies, Canadian Solar, announced this week that it had completed the sale of a portfolio of Californian solar projects worth 235 megawatts (MW) to Korea’s largest electric utility Korea Electric Power Corporation.
Three Canadian solar manufacturers — Silfab Solar, Heliene, and Canadian Solar — have filed a lawsuit with the US Court of International Trade in New York against Donald Trump’s imposition of 30% tariffs on all imported solar cells and modules, citing “immediate, severe, and irreversible injuries” for the Canadian solar industry.
Canadian Solar, one of the world’s largest solar power manufacturers, has this week revealed that it is joining the ranks of solar module companies considering going private, following the receipt of a letter from its Chairman, President and Chief Executive Officer, Dr. Shawn (Xiaohua) Qu.
Italy-based Falck Renewables has this week closed a deal to acquire a 99% stake in a 92 megawatt solar PV project in North Carolina from Canadian Solar subsidiary Recurrent Energy for $43 million.
Solar power company Canadian Solar announced this week that it won 367 MW worth of solar power projects in Mexico’s third Long-term Auction for renewables which was held earlier in the month, while the Enel Group was awarded an impressive 593 MW worth of wind projects, including a record low $17.7/MWh award.
One of the world’s largest solar manufacturers, Canadian Solar, published its third quarter financial results reporting solar shipments and net revenue well above the company’s own guidance, but net income was well down on estimates causing the company’s shares to drop 12%.
Canadian Solar, one of the world’s largest solar power companies, this week posted strong second quarter results with increased revenue and shipments, but traders were immediately, if temporarily, concerned by Q3 revenue guidance below analyst expectations.
The 191.5 MW Pirapora I solar project being developed by Canadian Solar and EDF Energies Nouvelles has received $163 million in financing from the Brazilian Development Bank, the first time ever that it has provided financing to a solar generation project.
Ontario-based Canadian Solar published its first quarter earnings this week, beating its own guidance in terms of shipments and net revenue, and holding up well against previous quarters and expected losses in a declining solar prices market.
A Masdar-led consortium has selected Canadian Solar to supply modules for the phase III of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
