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- Year's range:
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Company profile for Canadian Solar Inc.
Canadian Solar Inc. is one of the world’s leading solar energy companies, which designs, develops, manufactures, and sells solar panels, solar systems, and other solar energy products. Founded in 2001, the company is headquartered in Guelph, Canada, and has production facilities in China, Canada, South Africa, Indonesia and Brazil. Canadian Solar Inc.’s business is divided into two segments, CSI Solar and Global Energy.
The CSI Solar segment offers standard solar modules and battery storage solutions, as well as solar system kits and EPC services. They also provide production and sales of ingots, wafers, and cells. On the other hand, the Global Energy segment is focused on the development, construction, maintenance and sale of solar and battery storage projects, as well as operation and maintenance services (O&M) and asset management. This segment also produces and sells electricity from plants with an aggregate capacity of 445 MWp.
The company boasts an extensive customer base that includes distributors, system integrators, project developers, and installers and EPC companies. Canadian Solar Inc. sells its products under its own brand name, as well as OEMs.
With a strong focus on research and innovation, Canadian Solar Inc. has achieved leading positions in various markets around the world. It has over 200 customers in over 100 countries, and its products are currently used in over 90 countries worldwide. Its products already achieve the highest standards for quality and efficiency, with a market-leading warranty of 10-25 years. Canadian Solar’s solar modules have achieved world-record silicon cell efficiency of 23.1% and world-record module power output of 472.3 Wp.
In 2020, Canadian Solar Inc. was ranked #1 among solar module manufacturers in terms of capacity and shipments. The company reported net revenue of US$3.3 billion and a net income of US$109.02 million in 2020. It also boasted a record-high of a total assets of US$6.9 billion at the end of the year. Canadian Solar Inc. currently has over 8500 employees worldwide with operations in 18 countries.