Canadian Solar

Heritage Global Partners to Host Exclusive Online Auction of Solar Assets by Order of US Bankruptcy Court

Retrieved on: 
Monday, April 29, 2024
Batteries, Finance, Alternative Energy, Energy, Trucking, Professional Services, Technology, Transport, Vans, SolarEdge, Equipment, Enphase Energy, SMA, Panasonic, Fronius, Senior, Solar panel, Canadian Solar, Ford, CDT, Forklift, Intellectual property, Trailer, Power inverter, Auction

David Barkoff, Senior Vice President at Heritage Global Partners, commented on the upcoming auction, stating, "This auction offers a rare chance for buyers across industries to secure quality solar panels and equipment at competitive prices. We have an enormous amount of mostly brand new equipment available, including solar panels, trucks, hardware and inverters -- this auction is an opportunity not to be missed. We're thrilled to facilitate this event and anticipate significant interest from participants in the renewable energy sector.”

Key Points: 
  • Heritage Global Partners (“HGP”) , a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), and a worldwide leader in asset advisory and auction services, has been selected to conduct an online auction of solar assets featuring ~8.8MW of solar panels, trucks, trailers, hardware, racking, inverters, intellectual property, and more, presenting an exceptional opportunity for prospective buyers.
  • Scheduled to commence on April 30, and conclude on May 1, 2024, starting at 11am CDT, bidders can participate through the auction website .
  • The assets on offer originate from Sunworks, Inc. (Case # 24-10215), Solcius, LLC (Case # 24-10216), Commercial Solar Energy Inc. (Case # 24-10217), and Sunworks United Inc. (Case # 24-10218).
  • We have an enormous amount of mostly brand new equipment available, including solar panels, trucks, hardware and inverters -- this auction is an opportunity not to be missed.

Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit Against Hanwha Q CELLS

Retrieved on: 
Monday, April 22, 2024
Investment, Hanwha Q Cells, IBC, Research, Canadian Solar, Patent, Associate, Renewable energy

SINGAPORE, April 22, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against Hanwha Q CELLS, alleging their infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.

Key Points: 
  • SINGAPORE, April 22, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against Hanwha Q CELLS, alleging their infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.
  • Maxeon's leadership in solar technology is the result of nearly 40 years of research of development and over half a billion dollars of investment since 2007, leading to major advances in solar cell and panel efficiency, performance, and cost.
  • The Company has a global patent portfolio of over 1,650 granted patents and more than 330 pending patent applications protecting the innovations underpinning its IBC (Interdigitated Back Contact), Shingled Hypercell, and TOPCon technologies.
  • "In November 2023, Maxeon initiated a TOPCon patent infringement investigation in the United States, and this lawsuit against Hanwha Q CELLS, along with recent similar actions against Canadian Solar, Inc. and REC Solar Holdings AS, are results of that investigation," said Marc Robinson, Maxeon's Associate General Counsel.

Canadian Solar Earns EcoVadis Silver Sustainability Rating

Retrieved on: 
Wednesday, April 17, 2024
Environment, Social responsibility, Ethics, Canadian Solar, Renewable energy

GUELPH, ON, April 17, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has recently been awarded a Silver rating from EcoVadis, one of the world's largest and most trusted providers of business sustainability ratings, headquartered in Paris, France.

Key Points: 
  • GUELPH, ON, April 17, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has recently been awarded a Silver rating from EcoVadis, one of the world's largest and most trusted providers of business sustainability ratings, headquartered in Paris, France.
  • The rating score also placed Canadian Solar in the top 5% of companies rated by EcoVadis within the company's industry.
  • EcoVadis' sustainability assessments evaluate a company's performance in terms of environment, labor and human rights, ethics, and sustainable procurement.
  • Ms. Hanbing Zhang, Chief Sustainability Officer, expressed her appreciation, stating, "We are honored to receive the Silver rating from EcoVadis.

Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit

Retrieved on: 
Monday, March 25, 2024
Associate, Invention, Canadian Solar, Patent

SINGAPORE, March 25, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against Canadian Solar, Inc., alleging infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.

Key Points: 
  • SINGAPORE, March 25, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against Canadian Solar, Inc., alleging infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.
  • The innovations behind Maxeon IBC, Shingled Hypercell, and TOPCon technologies are protected by a global patent portfolio of over 1,650 granted patents and over 330 pending patent applications.
  • "Maxeon has a strong heritage in developing solar cell technology, leading the development and commercialization of tunnel oxide passivated contacts," said Marc Robinson, Associate General Counsel at Maxeon.
  • Maxeon has many patents related to TOPCon technology, with inventions drawn to fundamental TOPCon solar cell architectures dating back to the 2000s.

Canadian Solar's e-STORAGE to Deliver 226 MWh DC of Battery Storage Projects to ENGIE in the UK

Retrieved on: 
Wednesday, December 6, 2023
TMS, Safety, ENGIE, Canadian Solar, Construction, LFP, Engineering, procurement, and construction, BESS, Engineering, Partnership, BMS, KV, Sabadell, Kilowatt-hour, EPC, Renewable energy, Broxburn, Cathkin, Dinorwig

(the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced its majority-owned e-STORAGE will deliver 226 MWh DC of turnkey energy storage solutions to ENGIE in the UK (Scotland).

Key Points: 
  • (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced its majority-owned e-STORAGE will deliver 226 MWh DC of turnkey energy storage solutions to ENGIE in the UK (Scotland).
  • e-STORAGE will construct the two energy storage projects, each with a capacity of 56.5 MW / 113 MWh DC in Cathkin and Broxburn, Scotland, UK.
  • Aidan Connolly, Head of ENGIE Battery Storage UK, commented, "ENGIE is looking forward to working with Canadian Solar's e-STORAGE on our Cathkin and Broxburn BESS projects in Scotland.
  • ENGIE is targeting 10 GW of global battery storage by 2030 to help facilitate the energy transition, and these two Scottish projects are another step on this journey."

Recurrent Energy Receives 490 Million Brazilian Reais Financing for Ciranda Cluster in Brazil

Retrieved on: 
Wednesday, November 22, 2023
Canadian Solar, Vinci, BNDES, Partnership, IPCA, PPA, Renewable energy

GUELPH, ON, Nov. 22, 2023 /PRNewswire/ -- Recurrent Energy , a global developer and owner of solar and energy storage assets, announced today that it has fully received 490 million Brazilian reais (approximately US$100 million) of non-recourse project financing for its 300 MW Ciranda Solar Power Cluster (Ciranda Cluster) in Brazil.

Key Points: 
  • GUELPH, ON, Nov. 22, 2023 /PRNewswire/ -- Recurrent Energy , a global developer and owner of solar and energy storage assets, announced today that it has fully received 490 million Brazilian reais (approximately US$100 million) of non-recourse project financing for its 300 MW Ciranda Solar Power Cluster (Ciranda Cluster) in Brazil.
  • Completed in August 2023, Ciranda Cluster was developed by Recurrent Energy, who is now the long-term owner and operator of Ciranda Cluster.
  • Ismael Guerrero, CEO of Recurrent Energy, said, "We are pleased to extend our long-standing partnership with BNDES and reinforce our presence in the Brazilian capital markets.
  • Both Ciranda Phase I and Ciranda Phase II projects won in a private auction held by COPEL Energia, one of the top 10 energy trading companies in Brazil, with a 15-year, inflation-adjusted PPA.

Canadian Solar Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023
Topcon, Safety, Senior, Engineering, CFO, Depreciation, Canadian Solar, Investment, Recurrence, Renminbi, Nominal power (photovoltaic), FIT, Professional, IPO, Total, Growth, Kilowatt-hour, ASPS, GWP, Environment, PPA, Transport, EPC, Rare-earth element, Renewable energy, Financial services, Electric battery, Bank, Video game, Natural gas, Oil

GUELPH, ON, Nov. 14, 2023 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • GUELPH, ON, Nov. 14, 2023 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the third quarter ended September 30, 2023.
  • Yan Zhuang, President of Canadian Solar's CSI Solar subsidiary, said, "CSI Solar achieved shipment growth and healthy margin improvement in the third quarter of 2023 despite the challenging market conditions.
  • Total operating expenses in the third quarter of 2023 were $225 million, compared to $216 million in the second quarter of 2023 and $274 million in the third quarter of 2022.
  • Depreciation and amortization charges in the third quarter of 2023 were $76 million, compared to $73 million in the second quarter of 2023 and $56 million in the third quarter of 2022.

Canadian Solar Announces 5 GW Solar Wafer Facility in Thailand

Retrieved on: 
Thursday, November 9, 2023
Senior, U.S. Department of Defense Strategy for Operating in Cyberspace, Commerce, Investment, U.S. Department of Commerce Office of Security, Renewable energy, Canadian Solar

GUELPH, ON, Nov. 9, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), headquartered in Guelph, Ontario, today announced that it is establishing a 5 GW solar PV wafer production facility in Chonburi, Thailand.

Key Points: 
  • GUELPH, ON, Nov. 9, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), headquartered in Guelph, Ontario, today announced that it is establishing a 5 GW solar PV wafer production facility in Chonburi, Thailand.
  • Canadian Solar is building a state-of-the-art solar photovoltaic N-type wafer manufacturing plant with an annual output of 5 GW, which is slated to begin production in March 2024.
  • The solar wafers produced at this facility will initially be used at the existing Thailand TOPCon cell manufacturing plant in the same location.
  • Highlighting the importance of this new facility, Thomas Koerner, Senior Vice President of Canadian Solar, said, "Establishing this solar wafer factory in Thailand is a key milestone that will enable us to better serve our U.S. customers with a more diversified and resilient supply chain, complementing our recently announced investments in the U.S. in solar cell and solar module manufacturing.

Canadian Solar Announces U.S. Solar Cell Manufacturing Facility in Jeffersonville, Indiana

Retrieved on: 
Monday, October 30, 2023
IRA, Solar, Hoosier, Hydrogen, Senior, City, Partnership, GW, Investment, Renewable energy, Canadian Solar, Greater Louisville Inc.

GUELPH, ON, Oct. 30, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), headquartered in Guelph, Ontario, today announced that it is establishing a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana.

Key Points: 
  • GUELPH, ON, Oct. 30, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), headquartered in Guelph, Ontario, today announced that it is establishing a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana.
  • Canadian Solar is building a state-of-the-art solar photovoltaic cell manufacturing plant with an annual output of 5 GW, equivalent to approximately 20,000 high-power modules per day.
  • The solar cells produced at this facility will be used at the previously announced 5 GW module assembly plant in Mesquite, Texas.
  • I'm pleased to know that this new solar manufacturing facility opening in Jeffersonville will create many new jobs for Hoosiers and stimulate the local economy."

Canadian Solar Successfully Issues a JPY 18.5 Billion Green Samurai Private Placement in Japan

Retrieved on: 
Tuesday, October 17, 2023
GS, Credit, Green bond, Goldman Sachs, Allco Finance Group, Creativity, Growth, Vat Green 1, JCR, Security (finance), Renewable energy, Canadian Solar

GUELPH, ON, Oct. 17, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced the successful placement of a JPY 18.5 billion green samurai private placement ("private placement").

Key Points: 
  • GUELPH, ON, Oct. 17, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced the successful placement of a JPY 18.5 billion green samurai private placement ("private placement").
  • The private placement has a 3-year tenor with a mix of both semi-annual fixed (1.82% p.a.)
  • Canadian Solar has been a seasoned project bond issuer in Japan and had closed seven transactions for its ground mounted solar projects totaling over forty billion Japanese yen since 2016.
  • We look forward to continuing to partner with Canadian Solar in its quest to create a more sustainable planet for future generations."