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.
Also on the rise: Hot topics at RE+ Southeast renewable energy conference. Electrification could cost California up to $50 billion if loads are not managed. And more.
This record volume of shipments was a 68% increase over the same quarter last year.
Also on the rise: U.S. solar installers list Qcells, Enphase as top brands. Silicon Ranch plans to appeal $135 million ruling in solar property damage case. And more.
Aspen Solar formed an agreement with the Lower Nicola Indian Band to build a solar-plus-storage facility on 827 acres in British Columbia.
TrendForce has ranked the top six module manufacturers by shipment volume in 2022, with Longi topping the list, followed by Trina Solar and JinkoSolar. JA Solar, Canadian Solar, and Risen Energy rounded out the top six, in a year dominated by large-format modules.
Recurrent Energy was previously the company’s North American developer, whereas it will now encompass its Global Energy segment.
A growing solar power gathering in the New England winter filled the rooms at the Westin Seaport convention center, demonstrating a strong demand for networking and knowledge.
Subsidiary CSI Solar, which produces about 10 bifacial and mono solar module models, remains on track to list on the Shanghai Stock Exchange in early 2023.
Also on the rise: Michigan’s regulator appears friendlier to solar. Canadian Solar’s battery business inks a large supply agreement for a global investor. And more.
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