Canadian Solar holds firm in Q1 with slight profit and revenue increase
The Chinese solar company increased its revenue sequentially despite falling shipments having begun monetizing new power plants globally. Gross profit rose to $91.4 million.
Brazilian Development Bank grants first financing for large-scale PV
The BNDES will support a 150 MW solar project being developed by EDF and Canadian Solar in the state of Minas Gerais. The project is scheduled to come online in August 2017.
Canadian Solar secures non-recourse finance for 47 MW projects in Australia
The Chinese solar power company has managed to raise AU$ 65 million (US$50 million) for two of its projects in Australia.
Canadian Solar supplies modules to Uganda’s largest PV project
The Chinese solar manufacturer and developer has supplied 10 MW of solar PV modules to the Soroti Photovoltaics Plant in Uganda.
Canadian Solar snags $97 million for 92 MW U.S. project
Already under construction in conjunction with a long-term PPA with Duke Energy Progress, the new round of funding will allow the project to continue on its path to commercial operation by the third quarter.
Canadian Solar sells two PV power plants to Shenzhen Energy for $99.8 million
Canadian Solar is racking up sales in China with another two solar power plants traded for $99.8 million.
Canadian Solar raises $47m to finance 19 MW Japan solar plant
The Chinese solar power company has signed an inaugural dual-tenor green project bond with Goldman Sachs Japan to aid the construction of its Gunma Aramaki solar power plant.
Canadian Solar secures $36m credit for Japanese project expansion
The JPY 4 billion credit facility with Japan’s Sumitomo Mitsui Finance and Leasing Company will be steered towards solar project development in the country.
Record shipments, lower revenue: Canadian Solar 2016 financials reveal impact of lower module ASPs
The Chinese solar company shipped 5,232 MW in 2016 but saw its revenue fall from $3.47bn in 2015 to $2.85bn last year as the global price squeeze on solar modules hit the firm’s bottom line.
Canadian Solar signs PPAs with SECI for 80 MW of solar in India’s Maharashtra state
The Chinese solar firm has finalized power purchase agreements with the Solar Energy Corporation of India for 80 MW of solar PV capacity awarded to the company under the recent Maharashtra tender.
