Canadian Solar Inc. was founded in 2001 in Canada and is one of the world’s largest renewable energy companies. They manufacture solar photovoltaic modules, solar inverter,  provide solar energy and battery storage solutions, and develop large-scale solar and energy storage projects. Listed on NASDAQ since 2006, Canadian Solar has delivered over 125 GW of photovoltaic modules and developed more than 10 GWp of solar projects and 3.3 GWh of energy storage projects globally in the past 23 years.

  • Shipments: 125GW solar modules, 6GW solar inverter & 4.5GWh battery storage
  • Capacity: 61GW module, 2GW inverter and 20GWh Battery storage by 2024 December
  • Projects: 26.3GW project pipeline & 56GWh energy project pipeline of Recurrent Energy
  •  Active buying customers in more than 160 countries
  • Subsidiaries in 23 countries & regions on 6 continents
  • Over 26 manufacturing facilitiesin Asia & Americas

The Company has two business segments: CSI Solar and Recurrent Energy

CSI Solar consists of solar module and battery energy storage manufacturing, and delivery of total system solutions, including inverters, solar system kits, and EPC (engineering, procurement, and construction) services. By the end of December 2024, CSI Solar anticipates its production capacities for ingots, wafers, cells, and modules to reach 50.4GW, 50.0GW, 55.7GW, and 61.0GW, respectively.

 

CSI Solar’s e-STORAGE branded battery energy storage business includes its utility-scale turnkey battery energy system solutions. These systems solutions are complemented by long-term service agreements, including future battery capacity augmentation services.

Recurrent Energy  is one of the world’s largest clean energy project development platforms with 15 years of experience, having delivered over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects. It is vertically integrated and has strong expertise in greenfield origination, development, financing, execution, operations and maintenance, and asset management.

R&D

R&D has played a critical role in driving reductions in resource usage across manufacturing, transportation, and utilization of our module products, thereby lowering the environmental impact of solar power projects using Canadian Solar’s modules.

To achieve this, we have developed and deployed inhouse testing standards that are two to three times more rigorous than those prescribed by IEC, which serves as the benchmark for the solar industry. Our TOPCon bifacial modules demonstrated less than 1% power degradation after undergoing a damp heat test lasting 2,000 hours, well below the 5% threshold required by the IEC for a 1,000-hour test. Therefore, given our products’ reliability, our regular TOPCon modules come with a 30-year power warranty and low power degradation.                                                                               

AWARDS

  • Top Bankable Manufacturer Rated by Bloomberg New Energy Finance (BNEF)  (2022-2023)
  • Tier 1 Solar Company, BloombergNEF (2017-2023)
  • Tier 1 Energy Storage Manufacturer, BloombergNEF (2024 Q2,Q3)
  • Top Brand PV USA, EUPD Research (2024)
  • TOP Performer Solar Module Manufacturer Award from Kiwa PVEL (2024)
  • Green Project Bond of The Year Award by Environmental Finance (2024)
  • Ecovadis Silver Sustainability Rating (2024)
  • ISS ESG Prime Rating, Industry Top 5% (2024)