Canadian Solar may cut jobs to save margins
(Reuters) – Solar products maker Canadian Solar Inc may follow bigger rivals First Solar Inc and LDK Solar Co Ltd in cutting jobs to lower costs to offset a sharp fall in selling prices. Canadian Solar shares, which have fallen about 67 percent in the past year, rose 9 percent to $3.50 in morning trading on the Nasdaq. Solar companies are shuttering some production, laying off people and …
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Canadian Solar and Bank of China Enter Into A C$120 Million Construction Financing Agreement for Solar Power Plant …
ONTARIO, Canada, May 3, 2012 /PRNewswire-Asia-FirstCall/ — Canadian Solar Inc. (the "Company", or "Canadian Solar") (CSIQ), one of the world's largest solar power companies …
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Canadian Solar, ESA Renewables and Zep Solar Complete 1.26MW Rooftop Solar Installation in North Carolina
Canadian Solar, ESA Renewables and Zep Solar, Inc. , today announced the successful completion of a 1.26MW commercial rooftop solar project in New Bern, N.C., that provides clean, renewable solar energy to approximately 100 homes.
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Canadian Solar buys into 16 solar projects
(Reuters) – Canadian Solar Inc said it will buy majority stake in 16 power projects from SkyPower Ltd for about C$185 million ($184.7 million) as part of its plan to concentrate on smaller utility-scale projects. The 190-200 megawatt projects, each of which has a 20-year power purchase contract from the Ontario Power Authority, will generate more than C$800 million in revenue for Canadian Solar …
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Canadian Solar buys into 16 power projects
(Reuters) – Solar panel maker Canadian Solar Inc said it agreed to buy majority interest in 16 power projects from solar project developer SkyPower Limited for about C$185 million ($184.7 million). The projects, which represent about 190-200 megawatts (MW), have each been awarded a 20-year power purchase contract by the Ontario Power Authority, the company said. The projects, expected to start …
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Canadian Solar sees lower 1st-quarter shipments; shares fall
(Reuters) – Canadian Solar Inc posted a wider-than-expected fourth-quarter loss and forecast sequentially lower shipments and margins for the first quarter, highlighting that the industry's dark days are far from over. The solar industry was battered last year by a 40 percent decline in the prices for the modules that turn sunlight into electricity, shrinking profit margins and pushing some of …
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Canadian Solar shipments top forecast, Yingli lags
(Reuters) – Canadian Solar said on Tuesday it shipped more solar panels in the fourth quarter than it previously expected, while its rival Yingli Green Energy warned its sales fell short of its forecast. A steep 50 percent drop in prices of solar panels during 2011 left many manufacturers scrambling to sell a glut of supplies at the end of the year, and prompted many companies to run factories …
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Canadian Solar and HelioPower Complete 500 kW Solar Power System for Giumarra Vineyards Corporation
SAN RAMON, MURRIETA and BAKERSFIELD, Calif., Feb. 9, 2012 /PRNewswire-Asia-FirstCall/ — Canadian Solar Inc. (NASDAQ: CSIQ – News), HelioPower and Giumarra Vineyards Corporation today announced the successful …
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Exclusive: Canadian Solar seeing spike in European demand
LOS ANGELES (Reuters) – Canadian Solar Inc is scrambling to ramp up production of solar panels to meet an unexpected surge in demand from Europe, Chief Executive Shawn Qu said on Tuesday. German customers, in particular, have increased orders in anticipation of a reduction in the government's subsidy for solar energy in the coming months, Qu told Reuters in an interview. "We have seen very …
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Canadian Solar Selling Projects to TransCanada; Shrs Soar
Canadian Solar this morning said it has agreed to sell to TransCanada a collection of 86 MW of AC solar projects for about $470 million Canadian, which is equal to about $455 million in U.S. dollars. Under the agreement, Canadian Solar will provider TransCanada with 9 fully operational utility scale solar [...]
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