Canadian Solar is a manufacturer of solar modules with headquarters in Guelph, Ontario. It was founded in 2001 and has subsidiaries in 20 countries including Italy, South Africa, and Hong Kong. Until 2011, Canadian Solar was relatively unknown in Canada, as a large share of its solar photovoltaic module manufacturing facilities was located in China. In that year, the company opened its first manufacturing plant on home-soil in Ontario and has since expanded the number of its production sites to 17.
Canadian Solar's financial standing
Canadian Solar is a publicly traded company with a pipeline of utility projects across the world. The United States is its most important sales region. In its 2020 fiscal year, Canadian Solar’s net revenues rose to 3.5 billion U.S. dollars and it reported a net income of 147.25 million U.S. dollars. Of Canadian Solar’s operating expenses, roughly ten percent went towards investment in research and development.
Canadian Solar’s products
One of the company's first products was a small solar charger to maintain car batteries during production for Volkswagen Mexico. Canadian Solar became one of the major suppliers for Germany’s 2004 feed-in-tariff program, specifically for its rooftop solar projects. Since then, its focus revolves primarily on the production of solar modules, solar power systems, off-grid residential systems, and other specialized solar photovoltaic (PV) products. In fact, the company is one of the largest solar module manufacturers in the world. By 2020, it has claimed to have shipped over 43 gigawatts worth of solar modules. The company’s PV modules are mostly composed of mono-crystalline cells and poly-crystalline cells. Mono-crystalline cells are made of silicon ingots which have rounded edges, making them one of the most space-efficient cell types. Polycrystalline cells were the first type of solar cells used in the photovoltaic industry. For these cells, silicon is melted and poured into a square mold to minimize waste. Canadian Solar currently offers an enhanced product and performance warranty which guarantees a high level of power output from its modules.
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In the following 4 chapters, you will quickly find the 23 most important statistics relating to "Canadian Solar".