NASDAQ-NMS:CSIQ

Canadian Solar Reports First Quarter 2024 Results and Announces Appointment of Chief Financial Officer

Retrieved on: 
Thursday, May 9, 2024
CFO, Topcon, Total, Nominal power (photovoltaic), Recurrence, Depreciation, PERC, Professional, Kilowatt-hour, Engineering, Senior, Acquisition, ASPS, FIT, PPA, BlackRock, GWP, ASP, EPC, Growth, Renewable energy

GUELPH, ON, May 9, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2024.

Key Points: 
  • GUELPH, ON, May 9, 2024 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2024.
  • Appointment of Mr. Xinbo Zhu as Senior Vice President and Chief Financial Officer, effective May 15, 2024.
  • Dr. Huifeng Chang, who has served as Chief Financial Officer since May 2016, will transition into his new role within the Company as Chief Strategy Officer.
  • Yan Zhuang, President of Canadian Solar's CSI Solar subsidiary, said, "Despite the seasonally softer first quarter, we delivered strong results.

Canadian Solar Secures 193 MW of BESS Projects in Japan's Inaugural Long-term Decarbonization Power Source Auction

Retrieved on: 
Wednesday, May 8, 2024
CRA, PV, Organization, Transmission, BESS, Carbon, Kilowatt-hour, Sabadell, LTDA, Growth, Renewable energy

GUELPH, ON, May 8, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has won three battery energy storage system ("BESS") projects, totaling 193 MW, in Japan's first Long-Term Decarbonization Power Source Auction ("LTDA").

Key Points: 
  • GUELPH, ON, May 8, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has won three battery energy storage system ("BESS") projects, totaling 193 MW, in Japan's first Long-Term Decarbonization Power Source Auction ("LTDA").
  • The winners of this auction were announced on April 26, 2024, with the Company securing a 13.3% of the total awarded energy storage projects.
  • Canadian Solar will enter into Capacity Reserve Agreements ("CRA") with the Organization for Cross-regional Coordination of Transmission Operators ("OCCTO").
  • We remain committed to advancing both BESS and PV projects, supporting Japan's goal of achieving carbon neutrality by 2050."

Canadian Solar Wins Green Project Bond of the Year Award by Environmental Finance

Retrieved on: 
Monday, April 29, 2024
Goldman Sachs, Environmental finance, Gunma Prefecture, GS, JPY, Green bond, Partnership, Environment, Credit, Renewable energy

GUELPH, ON, April 29, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has won Environmental Finance's Green Project Bond of the Year award for its JPY 18.5 billion green samurai private placement.

Key Points: 
  • GUELPH, ON, April 29, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has won Environmental Finance's Green Project Bond of the Year award for its JPY 18.5 billion green samurai private placement.
  • Its annual Sustainable Debt Awards celebrate leading green, social, sustainable and sustainability-linked bond and loan deals and recognize market innovations.
  • Environmental Finance also praised the deal for enabling Canadian Solar to "plug into the ultra-low interest rate environment in Japan, where long-term, fixed-rate products are scarce."
  • This is the second green project bond of the year award Canadian Solar has received from Environmental Finance, following the one awarded in 2018 for Canadian Solar's JPY5.4 billion ($47 million) Gunma Aramaki project bond placement with Goldman Sachs Japan.

Canadian Solar Files Annual Report on Form 20-F for Year Ended December 31, 2023

Retrieved on: 
Friday, April 26, 2024
Annual report

GUELPH, ON, April 26, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today announced the filing of its annual report on Form 20-F for the year ended on December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC").

Key Points: 
  • GUELPH, ON, April 26, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today announced the filing of its annual report on Form 20-F for the year ended on December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC").
  • The annual report on Form 20-F can be accessed on the Company's Investor Relations website at www.canadiansolar.com or on the SEC's website at www.sec.gov .

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.

Canadian Solar Schedules First Quarter 2024 Earnings Conference Call for May 9

Retrieved on: 
Tuesday, April 16, 2024
ID

GUELPH, ON, April 16, 2024 /PRNewswire/ -- Canadian Solar Inc .

Key Points: 
  • GUELPH, ON, April 16, 2024 /PRNewswire/ -- Canadian Solar Inc .
  • ("the Company", "Canadian Solar") (NASDAQ: CSIQ) today announced that it will hold a conference call on Thursday, May 9, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m., May 9, 2024, in Hong Kong) to discuss the Company's first quarter 2024 results and business outlook.
  • A live webcast of the conference call will also be available on the investor relations section of Canadian Solar's website at www.canadiansolar.com .
  • A webcast replay will also be available on the investor relations section of Canadian Solar's at www.canadiansolar.com.

Recurrent Energy Secures 343 Million Brazilian Reais Financing for 152 MW Solar Project in Brazil

Retrieved on: 
Monday, April 15, 2024
Public sector, Recurrence, Solar energy, Partnership, Carbon, IPCA, Usiminas, BNB, PPA, Renewable energy

GUELPH, ON, April 15, 2024 /PRNewswire/ -- Recurrent Energy , a global developer and owner of solar and energy storage assets, announced today that it has secured 343 million Brazilian reais (approximately $70 million) of non-recourse project financing from Banco do Nordeste do Brasil S.A. (BNB) for its Jaiba III solar project in Brazil.

Key Points: 
  • GUELPH, ON, April 15, 2024 /PRNewswire/ -- Recurrent Energy , a global developer and owner of solar and energy storage assets, announced today that it has secured 343 million Brazilian reais (approximately $70 million) of non-recourse project financing from Banco do Nordeste do Brasil S.A. (BNB) for its Jaiba III solar project in Brazil.
  • The 152 MWp Jaiba III project will be financed over a 22-year period spanning both construction and operation phases.
  • Linked to the National Consumer Price Index (IPCA), the inflation-adjusted debt will enable better capital and resource alignment with the Brazilian economy.
  • BNB's enduring participation in our solar portfolio reinforces our confidence in the long-term potential of Brazil's renewable energy sector."

Recurrent Energy Secures €110 Million Multi-Currency, Green Loan Facility from Investec Energy and Infrastructure Finance UK

Retrieved on: 
Wednesday, April 3, 2024
Trust, IPP, Renewable energy

The facility consists of a €55 million term loan and a €55 million revolving credit facility with a total duration of three years.

Key Points: 
  • The facility consists of a €55 million term loan and a €55 million revolving credit facility with a total duration of three years.
  • As of January 31, 2024, Recurrent Energy had 27 GWp of solar PV project pipeline and 55 GWh of energy storage pipeline.
  • Ismael Guerrero, CEO of Recurrent Energy, said, "This facility marks a significant step towards our goal of establishing a leading global platform for clean, reliable, and affordable energy solutions.
  • Antonio Cravo, Investec Energy and Infrastructure Finance UK, added, "Leveraging our deep expertise in the sector, we successfully delivered a tailored financing solution that will enable Recurrent Energy to achieve its strategic ambitions and continue its transition to an IPP model.

Canadian Solar Comments on Complaint Filed by Maxeon Solar

Retrieved on: 
Thursday, March 28, 2024
Comment, District court, Topcon, Lawyer, Patent, Intellectual property, Renewable energy

GUELPH, ON, March 28, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today issued the following comment:

Key Points: 
  • GUELPH, ON, March 28, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today issued the following comment:
    Canadian Solar recently became aware that Maxeon Solar Pte.
  • Ltd. ("Maxeon") has filed a patent infringement lawsuit against Canadian Solar, Inc. in the U.S. District Court in the Eastern District of Texas, entitled Maxeon Solar Pte.
  • As one of the largest solar product manufacturers in the world, Canadian Solar manufactures and sells many different types of solar products, both in the United States and elsewhere in the world, including TOPCon solar modules.
  • Canadian Solar has itself filed and received thousands of patents in various jurisdictions for solar cells and related technology.

Recurrent Energy Expands Solar Pipeline in Spain with the Acquisition of a Portfolio exceeding 420 MWp

Retrieved on: 
Wednesday, March 20, 2024
Topcon, Economic development, Acquisition, Rey, CO2, Renewable energy

GUELPH, ON, March 20, 2024 /PRNewswire/ -- Recurrent Energy , a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today the acquisition of a solar PV portfolio in the south of Spain with a capacity of more than 420 MWp.

Key Points: 
  • GUELPH, ON, March 20, 2024 /PRNewswire/ -- Recurrent Energy , a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today the acquisition of a solar PV portfolio in the south of Spain with a capacity of more than 420 MWp.
  • Recurrent Energy currently has projects in various stages of development in Spain and expects to start construction on more than 1 GW of solar projects in the country in 2024.
  • Ismael Guerrero, CEO of Recurrent Energy, said, "The acquisition of this solar portfolio reflects our commitment to grow our assets both in Spain and around the world.
  • While our goal is to strategically grow our development pipeline and assets under management through greenfield development, we continue to look for high-value acquisition opportunities.