Mexico

Canadian Solar’s global module, battery and inverter solutions business is issuing 541 million shares, or 15% of 3.6 billion outstanding shares, at $1.17 per share (11.10 RMB) raising the equivalent of $848 million in proceeds.

Powin has selected Jabil as its manufacturing partner to produce Powin’s Stack750 Centipede energy storage systems. Beginning in Q4 2023, Jabil will produce an initial annual capacity of 2 GWh, with plans to ramp up production to 4 GWh per year.

The producer of Maxeon and SunPower brand solar modules is raising capital from a $157.4 million underwriting of shares and a separate $42 million private placement with TCL Zhonghuan.

Also on the rise: Mexico could reach its goal of 35% clean electricity by 2024. Trina Solar’s new 6.5 GW Vietnam wafer plant to exclusively supply U.S. market. And more.

A study funded by the U.S. State Department models doubling solar capacity in Mexico by 2024.

Rust Belt states of the Midwest have estimated production capacity of 30 GW to over 100 GW per year of EV batteries, with California and Ontario adding capacity as well.

The Module HC 108M is a 410W/400W residential solar module using 108 half-cut 182 mm mono PERC cells and is Solarever’s most powerful module to date.

The company announced a manufacturing partnership with Celestica at its Monterrey, Mexico, facility, bringing Powin’s production closer to its end-users.

The Mexican authorities are overseeing the development of a $2 billion PV project as part of a modernization plan involving the country’s state-owned utility, CFE.

IEA PVPS report: Global solar demand increased by 12% in 2019 compared to 2018 — but that was BC. According to the report, photovoltaics provided just under 3% of global electricity needs in 2019.