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Canadian Solar is one of the most reliable manufacturers and will always be a company you can count on for an after-sales service since it has been on the market for years and will remain there for a long time for various reasons.
The company was founded in 2001 and the data reported below indicate the constant growth over the years: in 2015 it already had a production capacity of 4.5 GW, in 2016 it exceeded 5 GW in 2017 it exceeded 6 GW while 2018 reached 6, 6 GW of photovoltaic modules. Revenues reached a total of 3.74 billion dollars, with a growth of 10.3% compared to 2017. The whole of Europe has a production capacity of approximately 6GW. In 2019, the production capacity reaches 8.6 GW and continues to grow with a forecast of 11Gw during this 2020.
The profit in 2019 was $ 3.2 million and in 2020 a profit of 3.4-3.9 million is expected. These figures make Canadian Solar one of the top three companies in the world in net profit on turnover.
The company has 13,000 employees. (NASDAQ: CSIQ). There are 18 countries and 6 continents.
They pay particular attention to the Italian market and significant investments are planned in marketing to be able to transmit the high quality and reliability of the products to our market.
It is a company that invests heavily in research and development to improve the product more and more in terms of efficiency and performance.
The growth in revenues and profits is attributable to the various activities of the group, which are added to the integrated production of ingots, wafers, cells and photovoltaic panels. Over the past 3 years, over $ 100 million has been invested in research and development expenses. Investments in research and development increased by more than 60%.
Utopia has believed and invested in Canadian Solar since 2015, when the product had practically disappeared from the Italian market due to the anti-dumping measures imposed by the EU.
Today Utopia is the main Italian distributor of Canadian Solar
CANADIAN SOLAR NEWS
LIVE QUOTES: CSIQ
Canadian Solar photovoltaic panels for sale
NO. 1 IN TOP BANKABLE MANUFACTURER RATED BY BLOOMBERG NEW ENERGY FINANCE E
According to the Solar Module & Inverter Bankability Report 2020 by Bloomberg New Energy Finance (BNEF), Canadian Solar ranked No.1 bankable module manufacturer, based on the stable financal performance, reliable product quality and trustable corporate reputation. It was the sixth time that Ca- nadian Solar was selected as one of the top bankable manu- facturers in the survey.
The report covers 32 survey responses from banks, funds, solar engineering contractors, independent power produ- cers and technical advisers and has a global coverage. All participants considered the modules from Canadian Solar are bankable.
A WORLD RECORD OF 23.81%
MULTI-CRYSTALLINE CELL EFFICIENCY
Canadian Solar's technology team set a world record of set a world record of 23.81% conversion efficiency for n-type large area multi-crystalline silicon solar cell. The record-setting N-type P5 cell conversion efficiency was tested and certified by Germany's Institute für Solarenergieforschung GmbH (ISFH). This is the third time within a span of nine months that the company has set multi-crystalline solar cell conversion efficiency world record ( 22.8% and 22.28% records for p-type multi-crystalline cells).
This is a milestone for our revolutionary n-type P5 technology development. It proves that both our p-type and n-type multi- crystalline silicon technology can achieve efficiencies as good as mono.
CANADIAN SOLAR PV MODULES GIVEN TOP AA-RATING IN PV TECH’S LATEST BANKABILITY STUDY
The PV-Tech market research team revealed in August 2019 that Canadian Solar met AA-Rated bankability status. Only four PV module suppliers received the AA bankability rating from PV-Tech. The rating shows Canadian Solar has mana- ged to effectively pursue a dual manufacturing / downs- tream business, keeping its module output at premium- bankable levels while developing and selling downstream projects on a timely basis.
ONE OF THE BEST 50 CORPORATE CITIZENS IN CANADA
Canadian Solar has been named as one of the Best 50 Corpo- rate Citizens in Canada. The ranking is conducted by Corporate Knights, a specialized media and investment research firm. The ranking is meant to be representative of business sustai- nability in the current socio-economic context. The methodo- logy KPIs included the managements on resource, financial, employee, clean revenue. The ranking shows Canadian Solar has strived to implement the emission reduction in produc- tion and management. Canadian Solar will continue to create green energy and clean revenue for its customers, partners and stakeholders.
It is among the most bankable companies according to Bloomberg. In Italy, Intesa Sanpaolo has signed a loan of 55 million
Article published a few years ago on Pv Magazine which sees Canadian Solar as one of the best producers both in terms of value for money and after sales service.
In 2017, 63 MW were connected to the grid. It is the largest project in Italy in Grid Parity, and among the largest in Europe. It is owned by the funds managed by Octopus Energy Investments.
These systems were built with Canadian Solar modules.
164Mw plant Spain:
Canadian Solar works with very high quality standards:
IEC 61701 ED2: (resistance to saltiness)
VDE / IEC 62716 (resistance to ammonia)
FIRE RESISTANCE CLASS ONE (according to UNI 9177)
IEC 62804 (PID Potential Induced Degradation)
Half cut technology
Greater efficiency
Greater heat resistance
If one part of the module is shaded, the other works independently
Having more junction boxes (IP68 protection) reduces the risk of dispersion and they overheat less.
Resistance 6000 Pa, wind resistance or 4000 Pa (MODEL CS3K-P)
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