About Canadian Solar Inc.:
- More than 43 GW solar modules shipped
- Over 15 GW solar project pipeline around the world
- Module capacity over 13 GW & Cell capacity over 9 GW
- Active buying customers in more than 160 countries
- Subsidiaries in 20 countries & regions on 6 continents
- 17 manufacturing facilities in Asia & Americas
Dr. Shawn Qu, Chairman, President and Chief Executive Officer founded Canadian Solar (NASDAQ: CSIQ) in 2001 in Canada, with a bold mission: to foster sustainable development and to create a better and cleaner earth for future generations by bringing electricity powered by the sun to millions of people worldwide. Under Dr. Qu’s leadership, we have grown into one of the world’s largest solar photovoltaic products and energy solutions providers, as well as one of the largest solar power plant developers globally.
We have cumulatively delivered over 43 GW of solar modules to thousands of customers in more than 160 countries, enough to meet the clean, green energy needs of approximately 10 million households. We have nearly 13,000 dedicated employees to strive each day to make this mission a reality.
Customers choose us because we deliver the best-possible value. Our modules and system solutions combine superior quality with market-leading cost structures. And our solar projects consistently achieve the highest production values and returns on investment. We currently have more than 15 GW of such projects in our pipeline worldwide and are uniquely positioned to provide project development and complete turnkey solar solutions. By bundling services for the entire project life cycle—feasibility study, permitting, developing, engineering, procurement, construction, and maintenance—we can significantly reduce complexity and cost for industrial and commercial customers.
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Canadian Solar Inc., one of the world's largest solar companies, has been selected as a Top 10 finalist for the Intersolar Award for outstanding industry innovations for Canadian Solar's innovative New Edge series.
Canadian Solar will showcase its full product portfolio, along with a preview of its newest offerings from June 9 to 11 at the Intersolar 2010. For the first time, the new CS6X power module and the ClearPower module will be presented at Booth 310 in Hall B6.
Canadian Solar will take advantage of the solar industry's largest convention to inform visitors about the Company's newest advancements, including the CS6X series, the Company's most powerful module produced to date. With up to 300 Watts of power output, the robust series is the perfect choice for deployments, from household rooftops to full-scale solar farms. Canadian Solar offers five versions of the all-purpose module with industry-leading plus output tolerance of +5W.
ClearPower, a new BIPV module
For the first time, the Company is also presenting its Clear Power modules, the most cost-effective alternative to glass-on-glass BIPV products. The robust solar solution's translucency allows it to be integrated with buildings and is perfect for greenhouses, facades, roof windows, and whole-glass rooftops.
Future buyers can choose between a monocrystalline and a polycrystalline version, and moreover, they can choose their transparency level from a range between 10 to 40 percent. This allows customers to pick the shade level they need. The new modules can handle a mechanical load up to 5,400 Pa, almost twice as strong as traditional BIPV modules.
Canadian Solar's NewEdge series is a nominee for the Intersolar Award 2010 in the "photovoltaic" category."The fact that the NewEdge module was selected as a top finalist is an indicator of the potential the industry has identified in this product by Canadian Solar", said Dr. Shawn Qu, Chairman, and CEO of Canadian Solar.
Canadian Solar Inc. (Nasdaq: CSIQ) is one of the world's leading and largest providers of solar modules. Headquartered in Kitchner, Ontario since its inception in 2001, the company has swelled its operations into eight countries.
In 2010, Canadian Solar posted revenues of US$1.5 billion and shipped of 803 MW of solar modules. Of its 16 subsidiaries, nine are located in China making it one of the country's fastest-growing solar companies.
Continuing to grow its reach in China, Canadian Solar announced that it has entered a joint venture with Suzhou GCL Photovoltaic Technology Co., Ltd., a subsidiary of GCL-Poly Energy Holdings Limited to build a 600 MW capacity wafer plant in Suzhou.
The project's first phase will cost approximately US$77 million. This announcement moves Canadian Solar closer to its goal to grow its solar cell capacity to 1.4 GW by the middle of 2011. In addition to noting that the Suzhou project's wafer capacity can be expanded to 1.2 GW, the company also said that it plans to announce another joint venture to build a 600 MW solar cell facility in early 2012.
"This is a major strategic development for Canadian Solar, GCL, and the broader solar industry," said Dr. Shawn Qu, Chairman, and CEO of Canadian Solar.
He added, "This joint-venture will supplement our other wafer arrangement and make Canadian Solar fully prepared to compete at 2 GW scale by early 2012."
After reshuffling their roster and running through coaching changes, San Jose may have finally found the elusive missing piece to their championship puzzle: a little solar heat to thaw their perennial post-season bad luck.
Two weeks ago, the San Jose Sharks announced that Canadian Solar (NASDAQ: CSIQ), one of the world’s biggest manufacturers of solar panels, will sponsor the team’s 2010 playoff push. Malcolm Bordelon, Executive President of Business Operations for the Sharks, had the following to say, via the team’s press release:
“We are pleased to bring Canadian Solar on board as the presenting sponsor for the Sharks 2010 playoff run. The game of hockey started in Canada and, as a Canadian-born company with ties to the San Francisco Bay Area, Canadian Solar is a perfect match for the San Jose Sharks organization. We are looking forward to a long and successful partnership.”
Canadian Solar houses its U.S. headquarters in San Ramon, Calif., a 43-minute drive away from the Shark Tank (the team’s home ice rink) in San Jose. It is a fitting partnership for both sides as California, and San Jose solar, in particular, has been one of the industry’s hot spots.
Canadian Solar just announced that they have released their New Edge solar panels in the U.S. market. The panels are compatible with the new Zep roof-mounting System and used together the products have the potential to reduce installation costs by half and reduce the amount of time spent to install the panels on a roof by 75%.
The New Edge solar panels are available in two different varieties, one using 5? monocrystalline silicon, and one using 6? polycrystalline silicon.
In a press release, Mike Miskovsky, general manager of U.S. operations for Canadian Solar, commented on the news:
“Canadian Solar is the first solar panel manufacturer to provide the Zep Compatible New Edge panels, and we’re looking forward to offering installers this high quality and forward-thinking solar technology. The Zep System represents a turnaround in standard installation practices and hardware. Canadian Solar is building on our market leadership and reputation for high-quality products by coupling our high-performance modules with this leading next-generation installation technology.”
Canadian Solar has launched a new line of solar modules compatible with the racking system from Zep Solar that Zep says can slash the costs and time surrounding installation.
Instead of mounting solar panels on the traditional metal frames used now, Zep props up on a device its calls the Interlock Zep. In layman terms, the Interlock is essentially a leg that clamps onto the frame of a solar panel and serves to prop up the solar panel and fasten it to the other panels in the array. Instead of a table, you just buy the leg. Overall, Zep says it can cut the time contractors spend on a roof by 75 percent.
The key is that the system requires a module with a specially grooved frame. Canadian's New Edge panel is the first from a major manufacturer to be compatible with the Zep system. Canadian will start selling the panel next month through GroSolar. (Side note: Zep did not name itself in tribute to Led Zepplin. All the good names were taken, a company spokesperson told me.)
Although it's not as glamorous as cell design or efficiency, installation is rapidly gaining more attention in the solar industry as a way to bring down costs and/or percolate demand. Installation can account for one-third of the cost of a solar project and in some ways, it can be more difficult to control than manufacturing. Installation doesn't take place in a factory after all. The work ultimately has to be performed on location in varied conditions by people with a wide range of skills.
Canadian Solar (CSIQ) has announced a partnership and distribution deal with West Holding of Japan to push further into a growing Japanese solar market. As part of the joint venture, CSIQ will transfer 14% of the shares of the Canadian Solar Japan subsidiary to West Holding. West Holding will be responsible for marketing and distribution of approximately 18 MW in residential rooftop solar systems this year.
CSIQ CEO Shawn Qu said, “West Holding is a leading independent distributor of residential solar systems in Japan and is very experienced in distributing, marketing and selling imported PV modules. This was a key criterion in our selection of this company as one of our partners in Japan. Our high-powered, cost-effective modules coupled with their strength as a distributor and local understanding of marketing and sales will help make both companies successful in Japan.”
Shares of CSIQ are up about 4% today.
Canadian Solar Inc. has been named the 2012 winner of the Solar Project of the Year Award by POWER-GEN International at the POWER-GEN International’s Projects of the Year awards gala in Orlando for its 148 MW solar park PV project in southern Brandenburg, Germany. According to their press release, “the solar complex in southern Brandenburg, one of the world’s largest PV projects covering 352 hectares (870 acres), was constructed on a former lignite mining strip in the East German community of Meuro, near Senftenberg” and the submission beat out 43 other entries.
“It is an honor to have the solar complex in Brandenburg recognized as the best solar project in the world by the POWER-GEN International team; this project required a tremendous collaboration effort that would not have been possible without our two partners, project developers and contractors safe ray and GP JOULE,” said Dr. Shawn Qu , Chairman, and CEO of Canadian Solar, in a statement. “The success of this project proves that it is faster to develop, build and achieve dividends on large-scale solar PV systems than any other type of power plant, even in regions with fewer sun hours.”
The press release states:
By utilizing a former surface mine for the installation, the PV solar project converted a brownfield into an energy-producing solar farm, creating hundreds of local construction and operations jobs and generating enough clean, renewable solar energy to power 67,500 households in the region.
With a track record of quality, Canadian Solar executes against a strict process plan to monitor the vitals of quality control throughout all phases of their solar product production. The Canadian Solar modules pass through rigorous formal inspections and testing that have earned the solar products a long list of international certifications. Canadian Solar delivers a wide portfolio of solar products and solutions that are recognized for their reliable quality, performance, and value.
Eastern Europe doesn’t tend to shine in conversations about solar energy development. But that might be changing.
Canadian Solar shipped 3.3 megawatts of its solar photovoltaic modules to Plodiv, Bulgaria earlier this month for a major solar installation there. And the company is cultivating strong relationships with suppliers and installers in what it anticipates will be a major emerging market. Bulgaria offers an attractive feed-in-tariff in its highest sun irradiation areas, said Canadian Solar spokesman Daniel Heck.
The project in Plodiv receives a massive 0.25 euros per kilowatt-hour FIT. And the subsidy, aside from being high, is particularly attractive to investors and lenders for another key reason. “The FIT paid for energy produced by PV is fixed over 20 years,” Heck writes in an email interview, “which reduces investment risk and ensuring investor’s return on investment.”
While the Bulgarian government is expected to reduce the FIT payout by the end of June, Heck said it’s still going to be an interesting market for Canadian Solar, which might find its focus shift to rooftop system development rather than utility-scale solar projects like the one in Plodiv. While Bulgaria is enticing solar manufacturers like Canadian Solar into the country with subsidies and incentives, it’s not the only country in Eastern Europe that solar companies are intrigued by. Both Slovenia and Romania have strong stimulus programs for solar that include FITs and green certificates, Heck said. When analysts discuss major emerging markets for solar development, they typically reference Asia and the United States. Eastern Europe doesn’t often pop to the top. But Heck said the potential is tremendous. It has just taken some time for the market to take shape.
“It has taken several years for Bulgarian legislators to enforce an attractive framework that would stimulate the development of photovoltaic in the country,” Heck writes. But since mid-2011, the solar PV market has taken off, he said.
There is a lot of competition in the Eastern European market, Heck said. Just because there isn’t a lot of buzz about it, doesn’t mean those in the solar industry aren’t working there. But Canadian Solar got into the market early and started developing relationships and partnerships in the countries. It's an early entry into the market that has helped establish Canadian Solar there. “Customers perceive Canadian Solar products as high quality and trust it as their preferred supplier,” Heck writes.
Canadian Solar (NASDAQ: CSIQ), the Ontario, Canada-based solar panel supplier, is expanding its European foothold.
The company struck a deal with Lightsource Renewable Energy in England to build four solar power plants.
Located in the counties of Cornwall, Lincolnshire, and Somerset, the four plants will be built using Canadian Solar’s panels, which several months ago passed a salt spray corrosion test, proving their durability.
Together, the four plants will produce 6.4 megawatts of renewable power, and the company projects a construction period of 9 to 12 weeks.
This follows another agreement by Canadian Solar to build a 605-kilowatt solar power project in Denmark, consisting of 2,800 panels.
Fears of the impact of fossil fuel energy and carbon emissions have to lead to a widespread interest in solar power and other renewable sources across Europe.
Canadian Solar has placed a large amount of focus on its European business, last year receiving 65% of its total revenue, $1.23 billion of its total $1.9 billion, from projects in Europe.
In 2011, Canadian Solar shipped a total of 1,323 megawatts of solar modules, and it expects a big increase for 2012. The company forecasts shipments of 1,800 to 2,000 megawatts for the coming year.
Lightsource Renewable Energy is responsible for 38 megawatts of solar projects in England.
Canadian Solar was up 4.2% to $3.47 in Friday midday trading.
Canadian Solar announced last week that it partnered with Al Fahad Group, a major energy supplier in the United Arab Emirates, to supply Abu Dhabi with 1.5 megawatts of new solar power.
The partnership is the first business arrangement Canadian Solar has entered into with Al Fahad, said Canadian Solar spokesman Daniel Heck. But it marks some success in fresh marketing efforts aimed at the Middle East.
“Canadian Solar is marketing in the Middle East,” Heck said. “The Middle East is a high potential market for our panels.”
The oil-rich UAE has led the charge toward renewable energy with some major and high-profile solar projects like those in Masdar City, a completely sustainable new development designed to be carbon neutral. As the country embraces renewable energy in the midst of its tremendous wealth from oil development, other countries in the Middle East have taken notice, and the area is near the top of the list of areas around the world where solar could take off.
Canadian Solar has been working on developing relationships, partnerships, and marketing efforts in the Middle East for the last several years, Heck said.
Canadian Solar will use its CS5A-M solar modules in the ground-mounted Abu Dhabi project, according to a release from the company.
While many Middle Eastern solar projects act as research grounds to test different technologies against one another, the solar Abu Dhabi array will only contain Canadian Solar modules, Heck said.
He said the North American company was selected because its panels, the ones that will be used in Abu Dhabi in particular, are well-suited to the environment and climate in the UAE.
“Canadian Solar is well known for its high-quality, high-performing, and very reliable modules under any conditions,” Heck said. “Our modules have passed all international testing conditions and have the required certificates.”
Abu Dhabi is known for its extreme heat, humidity, and sandy environment.
“Humidity and sand storms were the main subjects of these tests,” Heck said.
What’s one of the best ways to get your product more recognition? Sponsor sports. You get a captive, receptive audience that’s enthusiastic about its sponsors. That’s what Canadian Solar Inc. (NASDAQ: CSIQ) had in mind when it announced sponsorships of three more European football (soccer) teams earlier this week.
Last Friday, the company announced it signed on as the official exclusive sponsor of German soccer teams FC Nuremberg and Hannover 96, from now through 2014’s season.
And on Monday, it announced that it was the official solar sponsor of Great Britain’s Fulham Football Club under a two-year deal.
“Sponsorships are an excellent way to raise the brand awareness and the visibility of a brand,” said Daniel Heck, a spokesperson for Canadian Solar. “In addition, they are providing an excellent opportunity for hospitality events strengthening relationships to existing and potential customers.”
Regarding the German sponsorships, Canadian Solar's logo will be prominently displayed on stadium signage, as well as interview boards and official team photos. In Britain, its logo will be on the digital advertising system and high visibility areas of the stadium, the company said. The company will also have other marketing and advertising materials and privileges related to advertising deals.
The company also has sponsored other professional sports teams, including EHC Munich hockey club in Germany; Virtus Bologna, a basketball team in Italy—that sponsorship includes Canadian Solar’s logo on team jerseys; the New York Yankees; San Francisco Giants; and Seibu Lions, a baseball team in Japan.
Sponsorships with the other teams have helped increase awareness of Canadian Solar, according to Heck.
“The sponsorships helped and will further help in the future to raise the company's brand awareness and visibility,” he said.
The company’s modules are also at use at some stadiums throughout the world.
“Canadian Solar's modules are part of the surrounding buildings of the Beijing Olympic Stadium,” Heck said.
It also has modules on part of the Nuremberg stadium’s roof, which was installed in 2010.
“The potential to incorporate solar technology at Craven Cottage [Fulham stadium] is something we will look to investigate in the future with Fulham,” he said.
In the U.S. an increasing number of major sports teams also are adopting solar at their stadiums. For instance, American football team Seattle Seahawks installed a solar system earlier this year, and the Washington Redskins—another American football team—is installing an array this year.
Canadian Solar (NASDAQ: CSIQ) reported its second-quarter financial results today.
While Q-Cells, SunPower, Trina, and even the mighty First Solar have had difficult quarters, firms like Ascent Solar are struggling, and Evergreen Solar has declared bankruptcy -- Canadian Solar has exceeded expectations on revenue --although it has seen some erosion of margins.
CSIQ Q2 2011 highlights from the earnings call:
- Solar module shipments were 287 megawatts, up 58.6 percent from 181 megawatts in the second quarter of 2010
- Net revenue was $481.8 million, up 46.6 percent from $328.7 million in the second quarter of 2010
- Gross profit was $63.7 million, up 42.8 percent from $44.6 million in the second quarter of 2010
- Gross margin was 13.2 percent, compared to 13.6 percent in the second quarter of 2010
Sales to European markets in the second quarter of 2011 accounted for 76.6 percent of revenue, while sales to North America represented 15.2 percent.
Though the dollar amount of the transaction was not released, Canadian Solar said that it will deliver the solar modules in the third and fourth quarters of 2011. Cirus, which is backed by Indian energy giant Indu Group, will employ the solar panels in three solar farms: a 20 MW plant and two government-sponsored solar parks in Gujarat, India with generating capacity of 8 MW and 5 MW respectively.
With this sales agreement, Canadian Solar touches down in India, tapping what is expected to be one of the hottest solar markets in the world. The Ontario-based company, already one of the largest solar module manufacturers in the world, is following competitor First Solar Inc. (Nasdaq: FSLR) to enter a market poised to erupt.
Last month, the Export-Import Bank of the United States (Ex-Im) said it will provide a US$16 million loan to Azure Power Rajasthan Pvt. Ltd. in New Delhi to purchase solar modules from Arizona-based First Solar. Ex-Im expects India to be its largest market in 2012.
In January 2010 the Indian government launched the National Solar Mission which sets solar installation targets of 20,000 MW by 2022. The Solar Mission is part of India's plan to add 35 gigawatts of renewable energy by 2015.
"We are very pleased to initiate a business relationship with Cirus Solar Systems to participate in the development of the solar energy market in India," said Dr. Shawn Qu, Canadian Solar's Chairman, and CEO.
He added, "We believe India has the potential to become one of the largest solar markets in the world and we expect it will make a meaningful contribution to the growth of our business in the quarters ahead.
Canadian Solar, an Ontario-based firm, announced today it will sponsor the New York Yankees, a surprising move in a region dominated by New Jersey solar companies. Canadian Solar (NASDAQ: CSIQ), one of the world's largest solar companies, joins the Yankees’ sponsors list and will be providing in-stadium signage.
Jill Hansen, Canadian Solar’s senior marketing manager, said the company aims to connect to specific markets in baseball.
“We also sponsor the San Francisco Giants,” she said. “We’ve really been positioning ourselves as a sponsor to America’s favorite pastime. We’re focusing on America’s solar markets.”
Shawn Qu, chairman, and chief executive officer of Canadian Solar, said, “Canadian Solar is proud to become an official sponsor of the iconic New York Yankees. By joining with the New York Yankees, we can now leverage one of the world's most powerful, global brand-building platforms to further expand awareness of Canadian Solar.”
Since its opening in 2009, Yankee Stadium has established several programs for raising environmental awareness, like ensuring the efficiency of all its equipment. Last season, more than 35 percent of Yankee Stadium's trash went to recycling and composting rather than landfills.
“We are extremely pleased about our new relationship with CanadianSolar,” said Michael J. Tusiani, Yankees senior vice president of corporate sales & sponsorships. “We hope its in-stadium signage will strengthen the importance of environment attentiveness, which is a significant platform for our organization.”
“We were looking for a sports sponsorship that would make sense,” Hansen said. “New York Yankees fans are passionate. And we're passionate; we’re passionate about solar.”
Canadian Solar Inc. has signed an agreement with Suzhou New District Economic Development Group Corp. and Suzhou Science and Technology City Development Co. Ltd (SST) to build a 600 MW photovoltaic (PV) cell production factory in Suzhou, Jiangsu Province.
The new factory, located approximately 8 km from Canadian Solar's current solar cell production facility, will fully enable the Company's state-of-the-art, proprietary ELPS, and ESE high-efficiency solar cells. Under the terms of the agreement, Canadian Solar will contribute 61 percent of the registered equity. Construction of the new factory is expected to start immediately after local permits are completed, with full ramp-up targeted for 2012.
The company remains on track to expand its annualized capacity for solar cells to 1.3 GW to 1.4 GW by mid-2011. This newly announced joint venture with SND and SST will allow the company to reach approximately 2 GW of internal solar cell capacity during the first quarter of 2012. The company is also on track to reach 2 GW of annualized capacity for module lamination capacity by mid-2011. As a result, Canadian Solar expects to substantially achieve cell and module vertical integration by the end of the first quarter of 2012. Together with the joint venture agreement on solar wafer production announced with GCL as well as its existing long-term supply agreements and internal wafer capacity, the Company is on track to achieve a 2 GW'virtual vertical integration' from wafer to cell and module at the beginning of 2012.
The company reiterated that its internal cell and module capacities, which are 220 MW and 350 MW for the second quarter of 2011, respectively, are currently running at full utilization rates, reflecting the strong endorsement of Canadian Solar products in the marketplace. The percentage of third-party cells vs. internally produced cells in the second quarter of 2011 is expected to be higher than that in the first quarter of 2011 due to the full utilization of the company's module capacity. However, the Company still expects to maintain a similar or improved blended gross margin in the second quarter of 2011 compared to the first quarter of 2011 based on its trend forecast for third party cell and wafer prices.
Dr. Shawn Qu, chairman, and CEO of Canadian Solar said: "This is a major development for Canadian Solar, as we move toward more substantial wafer, cell, and module vertical integration. By securing the support of partners SuzhouNew District Economic Development Group and Suzhou Science andTechnology City Development, we will be able to put the cell production capacity in place needed to meet higher customer demand levels, while doing so in a financial structure that is responsible to our existing shareholders. Importantly, the new facility will utilize our breakthrough ELPS high-performance technology, as we focus on expanding our desired manufacturing capacity through improved cell efficiency, as well as other proprietary technology innovations to meet the growing demand for our high-quality solar products."
Canadian Solar'spowerful new ELPS solar cell technology is capable of boosting solar cell efficiency up to 19.5 percent monocrystalline and up to 18 percent for polycrystalline solar cells.
How do companies gain market share without getting swallowed up in a price war?
Electronics and smart grid technology could provide an escape valve, according to Shawn Qu, CEO, and founder of Canadian Solar. The company has entered into a joint venture with an unnamed California company to create components -- microinverters? silicon maximizers? --that will optimize the power output from Canadian modules and boost module-level control and monitoring.
Qu says he’s also thinking, longer-term, about how to better incorporate batteries and microgrid software into its products. The DC nature of solar panels, combined with microgrids and batteries, could even lead to a surge of interest in DC power.
“You will see more and more need for storage,” he said in a recent interview. “We might see the war of currents fought by Edison and Tesla come to pass again. The grid structure and the power structure is going to change,” Qu continued.
Four or five years ago, Canadian was a somewhat obscure vendor. Now, it is becoming tough to avoid. In 2010, the firm's shipments will amount to 760 to 800 megawatts, more than double the 325.5 MW shipped in 2009. (2010 earnings come out March 10. Canadian will also speak on gigawatt-scale manufacturing on March 14 at the Solar Summit taking place in Palm Springs.)
Canadian Solar Inc. will locate its new solar module manufacturing factory at 525 Speedvale Ave. West in Guelph, Ontario. The company expects to commence production early next year. The facility is being developed by Canadian Solar Solutions Inc., a wholly-owned subsidiary of Canadian Solar.
The new facility will be Canadian Solar's first feed-in-tariff domestic content compliant solar manufacturing facility in Ontario. The new facility will be capable of manufacturing 200 MW of solar modules a year and employ approximately 500 people.
Canadian Solar says the city of Guelph was selected as a result of its commitment to making sustainability the hallmark of its community through its Community Energy Initiative.
Canadian Solar has announced the completion and commissioning of a solar farm in Umbria in the Italian town of Narni.
The 1 MW SOLARTA installation consists of 4,000 high-performance Canadian Solar CS6P230-Watt modules capable of producing clean energy with an annual output of 1.18 MWh, and 16,000 tons of reduction in CO 2 emissions.
The installation was completed by Canadian Solar's partner GE Progetti & 3i on a two-hectare rural area without the use of reinforcement in an effort to be environmentally friendly and to maintain the aesthetics of the landscape.
The SOLARTA project is hooked up to the local electrical network and all the energy produced will be delivered to the grid. This solar plant demonstrates how photovoltaic energy systems can be installed with full respects to the environment, but also as a highly profitable investment in energy production.
The photovoltaic panels from the Canadian company occupy 50 percent of the area and are arranged geometrically in multiple rows. In order to get the most out of the irradiation, the solutions adopted by SOLARTA are tilted at 28 degrees in order to guarantee greater exposure to direct rays of the sun.
"GE Progetti & 3i relies on Canadian Solaras a trusted partner given its high quality and high-performance products, which are ideal for large installations like this one," says Leonardo Pozzoli, Commercial Director Renewable Energy Department of GEProgetti & 3i. "Moreover, Canadian Solar's strong global reputation is helpful when working with customers seeking bank support for profitable PV installments."
"Italy remains one of the world's fastest-growing, most attractive solar markets. Canadian Solar has been a leader in Italy, with this latest installation underscoring our commitment to actively participating in the further development of the solar market in Italy," says Marco Di Pietro, Country Manager with Canadian Solar for Italy.
"We are proud that our high-quality and high-efficiency modules have been chosen to make SOLARTA a reality. We thank GE Progetti & 3i for providing the design, coordination, and execution that makes SOLARTA PV farm a great success."
CS6P: efficiency, reliability, and safety
The CS6P from Canadian Solar are large size standard modules (H 1638 x L982 x P 40 mm) used in systems connected to the grid, characterized by60 solar cells capable of delivering high energy conversion capacity, even when light conditions are poor. The technologies used to design and produce these modules ensure high performance, excellent yield, and dependable durability over time.
The tests and rigorous quality controls that Canadian Solar products undergo to ensure the very highest qualitative standards. The module rating is guaranteed for 25 years, and the product for six years.
Canadian Solar just announced that it has successfully installed the first 250 kW photovoltaic (PV) rooftop system in Ontario. The system consists of 1,326 Canadian solar panels on approximately 74,668 square feet, and was installed on the rooftop of a building owned by Towcon Holdings. Aecon was the installation partner.
In a press release, Dr. Shawn Qu, Chairman, and CEO, Canadian Solar Inc., commented:
“Canadian Solar has been providing solar solutions to customers in over 30 countries around the world since 2002, including Germany, Spain, Italy, France, Japan, Korea, the Czech Republic, the United States, and Canada. We are extremely proud though to complete the first 250 kW PV rooftop system in Ontario since it is home to Canadian Solar and our corporate office. In addition, working together, we have developed a progressive model for the delivery of clean, renewable energy in Ontario and look forward to many more exciting projects like this.”
Canadian Solar just announced a new sales contract with Fire Energy Group. Under the contract, Canadian Solar will provide Fire Energy with 60MW of solar PV modules, with shipments expected to start this month. Fire Energy Group will also promote Canadian Solar’s product line in the following countries: Spain, Germany, Italy, the U.S., the Czech Republic, Morocco, and China.
In a press release, Shawn Qu, Chairman, and CEO of Canadian Solar commented on the agreement:
“We are pleased to work with Fire Energy Group, one of the largest PV system integrators in Europe. Canadian Solar’s global leadership, scale, cost leverage, and proven quality record put us in the enviable position of being able to work with the best partners in each local market. In the case of Fire Energy, the contract calls for a 60 MW purchase commitment, which we are confident we will deliver to Fire Energy based on their existing orders and customer growth indications.”