Canadian Solar

Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit

Retrieved on: 
Monday, March 25, 2024
Associate, Invention, Canadian Solar, Patent

SINGAPORE, March 25, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against Canadian Solar, Inc., alleging infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.

Key Points: 
  • SINGAPORE, March 25, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against Canadian Solar, Inc., alleging infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.
  • The innovations behind Maxeon IBC, Shingled Hypercell, and TOPCon technologies are protected by a global patent portfolio of over 1,650 granted patents and over 330 pending patent applications.
  • "Maxeon has a strong heritage in developing solar cell technology, leading the development and commercialization of tunnel oxide passivated contacts," said Marc Robinson, Associate General Counsel at Maxeon.
  • Maxeon has many patents related to TOPCon technology, with inventions drawn to fundamental TOPCon solar cell architectures dating back to the 2000s.

Canadian Solar's e-STORAGE to Deliver 226 MWh DC of Battery Storage Projects to ENGIE in the UK

Retrieved on: 
Wednesday, December 6, 2023
TMS, Safety, ENGIE, Canadian Solar, Construction, LFP, Engineering, procurement, and construction, BESS, Engineering, Partnership, BMS, KV, Sabadell, Kilowatt-hour, EPC, Renewable energy, Broxburn, Cathkin, Dinorwig

(the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced its majority-owned e-STORAGE will deliver 226 MWh DC of turnkey energy storage solutions to ENGIE in the UK (Scotland).

Key Points: 
  • (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced its majority-owned e-STORAGE will deliver 226 MWh DC of turnkey energy storage solutions to ENGIE in the UK (Scotland).
  • e-STORAGE will construct the two energy storage projects, each with a capacity of 56.5 MW / 113 MWh DC in Cathkin and Broxburn, Scotland, UK.
  • Aidan Connolly, Head of ENGIE Battery Storage UK, commented, "ENGIE is looking forward to working with Canadian Solar's e-STORAGE on our Cathkin and Broxburn BESS projects in Scotland.
  • ENGIE is targeting 10 GW of global battery storage by 2030 to help facilitate the energy transition, and these two Scottish projects are another step on this journey."

Recurrent Energy Receives 490 Million Brazilian Reais Financing for Ciranda Cluster in Brazil

Retrieved on: 
Wednesday, November 22, 2023
Canadian Solar, Vinci, BNDES, Partnership, IPCA, PPA, Renewable energy

GUELPH, ON, Nov. 22, 2023 /PRNewswire/ -- Recurrent Energy , a global developer and owner of solar and energy storage assets, announced today that it has fully received 490 million Brazilian reais (approximately US$100 million) of non-recourse project financing for its 300 MW Ciranda Solar Power Cluster (Ciranda Cluster) in Brazil.

Key Points: 
  • GUELPH, ON, Nov. 22, 2023 /PRNewswire/ -- Recurrent Energy , a global developer and owner of solar and energy storage assets, announced today that it has fully received 490 million Brazilian reais (approximately US$100 million) of non-recourse project financing for its 300 MW Ciranda Solar Power Cluster (Ciranda Cluster) in Brazil.
  • Completed in August 2023, Ciranda Cluster was developed by Recurrent Energy, who is now the long-term owner and operator of Ciranda Cluster.
  • Ismael Guerrero, CEO of Recurrent Energy, said, "We are pleased to extend our long-standing partnership with BNDES and reinforce our presence in the Brazilian capital markets.
  • Both Ciranda Phase I and Ciranda Phase II projects won in a private auction held by COPEL Energia, one of the top 10 energy trading companies in Brazil, with a 15-year, inflation-adjusted PPA.

Canadian Solar Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023
Topcon, Safety, Senior, Engineering, CFO, Depreciation, Canadian Solar, Investment, Recurrence, Renminbi, Nominal power (photovoltaic), FIT, Professional, IPO, Total, Growth, Kilowatt-hour, ASPS, GWP, Environment, PPA, Transport, EPC, Rare-earth element, Renewable energy, Financial services, Electric battery, Bank, Video game, Natural gas, Oil

GUELPH, ON, Nov. 14, 2023 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • GUELPH, ON, Nov. 14, 2023 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the third quarter ended September 30, 2023.
  • Yan Zhuang, President of Canadian Solar's CSI Solar subsidiary, said, "CSI Solar achieved shipment growth and healthy margin improvement in the third quarter of 2023 despite the challenging market conditions.
  • Total operating expenses in the third quarter of 2023 were $225 million, compared to $216 million in the second quarter of 2023 and $274 million in the third quarter of 2022.
  • Depreciation and amortization charges in the third quarter of 2023 were $76 million, compared to $73 million in the second quarter of 2023 and $56 million in the third quarter of 2022.

Canadian Solar Announces 5 GW Solar Wafer Facility in Thailand

Retrieved on: 
Thursday, November 9, 2023
Senior, U.S. Department of Defense Strategy for Operating in Cyberspace, Commerce, Investment, U.S. Department of Commerce Office of Security, Renewable energy, Canadian Solar

GUELPH, ON, Nov. 9, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), headquartered in Guelph, Ontario, today announced that it is establishing a 5 GW solar PV wafer production facility in Chonburi, Thailand.

Key Points: 
  • GUELPH, ON, Nov. 9, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), headquartered in Guelph, Ontario, today announced that it is establishing a 5 GW solar PV wafer production facility in Chonburi, Thailand.
  • Canadian Solar is building a state-of-the-art solar photovoltaic N-type wafer manufacturing plant with an annual output of 5 GW, which is slated to begin production in March 2024.
  • The solar wafers produced at this facility will initially be used at the existing Thailand TOPCon cell manufacturing plant in the same location.
  • Highlighting the importance of this new facility, Thomas Koerner, Senior Vice President of Canadian Solar, said, "Establishing this solar wafer factory in Thailand is a key milestone that will enable us to better serve our U.S. customers with a more diversified and resilient supply chain, complementing our recently announced investments in the U.S. in solar cell and solar module manufacturing.

Canadian Solar Announces U.S. Solar Cell Manufacturing Facility in Jeffersonville, Indiana

Retrieved on: 
Monday, October 30, 2023
IRA, Solar, Hoosier, Hydrogen, Senior, City, Partnership, GW, Investment, Renewable energy, Canadian Solar, Greater Louisville Inc.

GUELPH, ON, Oct. 30, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), headquartered in Guelph, Ontario, today announced that it is establishing a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana.

Key Points: 
  • GUELPH, ON, Oct. 30, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), headquartered in Guelph, Ontario, today announced that it is establishing a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana.
  • Canadian Solar is building a state-of-the-art solar photovoltaic cell manufacturing plant with an annual output of 5 GW, equivalent to approximately 20,000 high-power modules per day.
  • The solar cells produced at this facility will be used at the previously announced 5 GW module assembly plant in Mesquite, Texas.
  • I'm pleased to know that this new solar manufacturing facility opening in Jeffersonville will create many new jobs for Hoosiers and stimulate the local economy."

Canadian Solar Successfully Issues a JPY 18.5 Billion Green Samurai Private Placement in Japan

Retrieved on: 
Tuesday, October 17, 2023
GS, Credit, Green bond, Goldman Sachs, Allco Finance Group, Creativity, Growth, Vat Green 1, JCR, Security (finance), Renewable energy, Canadian Solar

GUELPH, ON, Oct. 17, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced the successful placement of a JPY 18.5 billion green samurai private placement ("private placement").

Key Points: 
  • GUELPH, ON, Oct. 17, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced the successful placement of a JPY 18.5 billion green samurai private placement ("private placement").
  • The private placement has a 3-year tenor with a mix of both semi-annual fixed (1.82% p.a.)
  • Canadian Solar has been a seasoned project bond issuer in Japan and had closed seven transactions for its ground mounted solar projects totaling over forty billion Japanese yen since 2016.
  • We look forward to continuing to partner with Canadian Solar in its quest to create a more sustainable planet for future generations."

Canadian Solar Wins Environmental Finance Sustainable Company Award for Sustainability Reporting of the Year

Retrieved on: 
Wednesday, October 11, 2023
Sustainability, ESG, United Nations Global Compact, Ten Principles for the Establishment of a Monolithic Ideological System, Science Based Targets initiative, Social responsibility, Environmental finance, Environment, Canadian Solar, News, Science, Renewable energy

GUELPH, ON, Oct. 11, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has been awarded the " Sustainability Reporting of the Year – Global " as part of Environmental Finance's 2023 Sustainable Company Awards.

Key Points: 
  • GUELPH, ON, Oct. 11, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has been awarded the " Sustainability Reporting of the Year – Global " as part of Environmental Finance's 2023 Sustainable Company Awards.
  • This award recognized Canadian Solar's efforts in providing transparent, comparable, and comprehensive sustainability reporting which enables its stakeholders to better understand the Company's strategy, commitments, and progress towards achieving its sustainability goals.
  • Ms. Hanbing Zhang, Chief Sustainability Officer commented, "We are honored to be recognized by Environmental Finance as a global leader in corporate sustainability reporting.
  • We will continue to adapt to the evolving global sustainability reporting landscape and execute on our sustainability strategy, creating long-term value for our stakeholders."

Revolv Names Clean Mobility Leader Arno Harris to Board of Directors

Retrieved on: 
Tuesday, October 3, 2023
EV, Harris, Policy, Eye, PG, Arno, SAN, Greenback Party, Growth, Transport, PG&E, Renewable energy, Canadian Solar, Google Nest

SAN FRANCISCO, Oct. 3, 2023 /PRNewswire/ -- Revolv, a leading full-service provider of electric commercial fleets, today announced the appointment of renowned clean energy leader Arno Harris to its Board of Directors. Joining Greenbacker Principal Quinn Pasloske and Revolv CEO Scott Davidson, Harris was an early investor in Revolv whose expertise in strategic partnerships will be instrumental as the company scales across the United States.

Key Points: 
  • With a 25-year-long track record scaling clean energy companies, Harris will accelerate Revolv's growth plans amid the rise of EV fleets
    SAN FRANCISCO, Oct. 3, 2023 /PRNewswire/ -- Revolv , a leading full-service provider of electric commercial fleets, today announced the appointment of renowned clean energy leader Arno Harris to its Board of Directors.
  • Joining Greenbacker Principal Quinn Pasloske and Revolv CEO Scott Davidson, Harris was an early investor in Revolv whose expertise in strategic partnerships will be instrumental as the company scales across the United States.
  • Arno Harris has nearly three decades of experience founding and scaling successful businesses at the intersection of clean energy and electric mobility.
  • "With experience leading many of the nation's most successful clean energy and electrification businesses, we've been fortunate to have Arno's support since the very beginning," said Scott Davidson, Revolv CEO.

Canadian Solar's Recurrent Energy Executes Sale of 17.5 MWp Solar Power Plant in Japan

Retrieved on: 
Thursday, September 28, 2023
Green bond, Hiku, Chugoku Electric Power Company, Canadian Solar, Professional, FIT, Vat Green 1, PV, Kilowatt-hour, Sale, US, Mandarin Films Distribution Co. Ltd., Renewable energy

Canadian Solar expects to recognize the revenue from the transaction in the third quarter of 2023.

Key Points: 
  • Canadian Solar expects to recognize the revenue from the transaction in the third quarter of 2023.
  • Recurrent Energy's local subsidiary will continue to provide long-term operations and maintenance services for the plant after the transaction.
  • The project is Recurrent Energy's first project that was awarded feed-in-tariff ("FIT") through the inaugural solar auction program launched in Japan in Q4 2017.
  • We will strive to build more PV and storage projects all over Japan, in order to deliver clean and sustainable energy to the country."