Canadian Photo voltaic has secured a framework settlement to supply Sol Methods with a big provide of modules from its newly ramped Texas module manufacturing unit.
Canadian Photo voltaic Inc. (the “Firm” or “Canadian Photo voltaic”) (NASDAQ: CSIQ) and Sol Methods, a number one renewable vitality firm primarily based in Washington, D.C., introduced right this moment a partnership to scale new photo voltaic module manufacturing and procurement in america. Canadian Photo voltaic has secured a framework settlement to supply Sol Methods with a big provide of modules from its newly ramped Texas module manufacturing unit.
Underneath the partnership, Canadian Photo voltaic will provide its newest excessive effectivity N-Sort TOPCon (Tunnel Oxide Passivated Contact) photo voltaic modules to assist Sol Methods’ venture pipeline within the U.S. between 2024 and 2025.
Highlighting Canadian Photo voltaic’s aggressive benefit, Dan Diamond, Chief Building Officer of Sol Methods, mentioned, “We’re thrilled to accomplice with Canadian Photo voltaic to scale the U.S. photo voltaic module manufacturing trade and create new American manufacturing jobs. Canadian Photo voltaic’s TOPCon modules enhance venture economics by greater yields, smaller website footprint and lease prices, and decrease steadiness of system prices. We have been very impressed with the state-of-the-art facility throughout our go to to the Texas manufacturing unit in December.”
Thomas Koerner, Senior Vice President of Canadian Photo voltaic, commented, “Our cost-competitive TOPBiHiKu7 bifacial TOPCon module has acquired overwhelmingly constructive market suggestions, because it provides venture builders the safe and long-term module provide they’ve been searching for. We’re happy to be the accomplice of selection for a key market chief like Sol Methods.” He added, “We’re proud to have ramped up our Texas facility in report time and began module manufacturing final December. We’re inspired by the numerous curiosity in and demand for these regionally made merchandise.”
About Sol Methods
Sol Methods is a number one nationwide photo voltaic vitality agency with a longtime repute for integrity and reliability throughout its improvement, infrastructure, and environmental commodity companies. Sol Methods is working and constructing over 2 GW of photo voltaic initiatives valued at greater than $2 billion for Fortune 100 firms, municipalities, counties, utilities, universities, and faculties and gives environmental commodity portfolio administration companies to just about 50,000 prospects throughout the US. The corporate was based in 2008, is predicated in Washington, D.C., and is led by its founder. Sol Methods works with institutional shoppers, company companions, and foundations to create a extra sustainable future we will all imagine in. For extra info, go to https://www.solsystems.com/.
About Canadian Photo voltaic Inc.
Canadian Photo voltaic was based in 2001 in Canada and is without doubt one of the world’s largest photo voltaic know-how and renewable vitality firms. It’s a main producer of photo voltaic photovoltaic modules, supplier of photo voltaic vitality and battery storage options, and developer of utility-scale solar energy and battery storage initiatives with a geographically diversified pipeline in numerous levels of improvement. Over the previous 22 years, Canadian Photo voltaic has efficiently delivered over 110 GW of premium-quality, photo voltaic photovoltaic modules to prospects internationally. Likewise, since coming into the venture improvement enterprise in 2010, Canadian Photo voltaic has developed, constructed and related round 9.three GWp of solar energy initiatives and over three GWh of battery storage initiatives internationally. Presently, the Firm has round 850 MWp of photo voltaic initiatives in operation, almost 7.eight GWp of initiatives beneath development or in backlog (late-stage), and an extra 18.7 GWp of initiatives in superior and early-stage pipeline. As well as, the Firm has a complete battery storage venture improvement pipeline of roughly 55 GWh, together with roughly 5 GWh beneath development or in backlog, and an extra 50 GWh at superior and early-stage improvement. Canadian Photo voltaic is without doubt one of the most bankable firms within the photo voltaic and renewable vitality trade, having been publicly listed on the NASDAQ since 2006. For extra details about the Firm, comply with Canadian Photo voltaic on LinkedIn or go to www.canadiansolar.com
