OIL - Canadian Solar Enters into Significant Supply Contracts During the 2023 U.S. RE+ Trade Show | Benzinga
GUELPH, ON, Sept. 20, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) announced today that it has successfully finalized approximately 4 GWp of solar module contracts during the 2023 RE+ show in Las Vegas. The contracts are expected to be serviced by both its upcoming Texas factory and its expanded Thailand module factory.
"Our cost competitive TOPBiHiKu7 bifacial TOPCon module has received overwhelmingly positive market response as it gives project developers, EPC customers and investors the secure and long-term module supply they have been looking for. We are pleased to be the partner of choice for multiple key stakeholders," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar.
In addition, the newly launched EP Cube Lite also received a positive market response, resulting in hundreds of new system orders during RE+. These orders include both stand-alone residential storage systems as well as full residential PV plus storage system packages, including high efficiency Canadian Solar residential PV modules.
The EP Cube Lite allows homeowners to lower their electricity bills by shifting the use of lower-cost daytime energy to the evening when rates are typically higher.
"Canadian Solar is one of the few companies capable providing a fully integrated, self-developed and self-manufactured PV module and energy storage system solutions for residential, commercial and utility scale applications. This gives us a significant competitive advantage over many single component offerings in the market," added Dr. Qu.
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