Canadian Solar and Lightsource BP Sign 1.2 GW Module Supply Agreement
Guelph, Ontario, February 5, 2020 — Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has signed a multi-year module supply agreement with Lightsource BP to deliver 1.2 GW of high efficiency polycrystalline solar modules for projects in the US and Australia. Lightsource BP is a global market leader in the development, acquisition and long-term management of large-scale solar projects and smart energy solutions.
The projects will be using Canadian Solar’s polycrystalline bifacial high power BiHiKu (CS3W-PB-AG) and high power HiKu (CS3W-P) modules. Canadian Solar is a worldwide leader in solar cell and module technologies. Bifacial modules generate power from both the front and the rear sides of the module, which increases the power output compared to conventional monofacial modules. The very high output of the BiHiKu bifacial modules will maximize the power generation in a limited area of plant site, while dramatically reducing the Levelized Cost of Electricity (LCOE) of the power plant.
“We are pleased to be working with Canadian Solar to deliver our global pipeline. They are a bankable and industry proven partner for our projects. Our centralized procurement team selected these modules for their high efficiency performance and we look forward to seeing the satisfactory results in the field very soon”, commented Kareen Boutonnat, Chief Operating Officer at Lightsource BP.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, “We are excited about the strong partnership with Lightsource BP that has contributed to the 1.2 GW of module sales commitments. As a solar technology leader, we are working continuously on innovation. I am proud to see that our high-power modules, based on the latest bifacial technology, have been selected for these projects in Australia and the US.”
News
09 Oct, 2024
The overlooked quick win for European renewables
Despite significant growth in renewable energy, the sector is calling for more grid investment and faster permitting to unlock its full potential.
07 Oct, 2024
Lightsource bp joins new World Economic Forum coalition to accelerate responsible renewable infrastructure deployment
Lightsource bp has joined industry peers, environmental non-profits and the World Economic Forum (WEF) to launch the Responsible Renewables Infrastructure Coalition.
30 Sep, 2024
Lightsource bp founder recognised with UK solar achievement award
Lightsource bp co-founder, Nick Boyle, has been recognised by the UK Solar & Storage Live Awards with the lifetime achievement accolade.
30 Sep, 2024
How the solar industry is setting the pace for economic growth
New employment data for the solar industry in Europe has revealed the continued growth of job creation in the sector in 2023.
25 Sep, 2024
Lightsource bp and Schroders Greencoat: Partnering for the future
The scalable and flexible nature of solar power lends itself well to collaborations and partnerships.
23 Sep, 2024
How energy storage is boosting the benefits of solar
The rapid pace of the energy transition demands that we remain constantly evolving, and battery energy storage is an agile option to provide that service.
16 Sep, 2024
Celebrating the Mid-Autumn Festival and Chuseok: Embracing diversity across Singapore, South Korea and Taiwan
At Lightsource bp, our commitment to diversity, equity and inclusion is central to who we are as a company.
30 Aug, 2024
Taking time out for our wellbeing day-off
To encourage healthy work-life balance, this year we once again rewarded our team members with an extra day of annual leave to focus on their wellbeing.
27 Aug, 2024
New Zealand: Kōwhai Park solar farm breaks ground
We’re pleased to share that our Kōwhai Park solar farm in Christchurch, New Zealand, has officially broken ground following the project’s successful financial close.
20 Aug, 2024
Lightsource bp accelerates growth in Germany by signing 500MWp Development Agreement with Kajoni Energie GmbH
Lightsource bp plans to realise a development pipeline of over 500MWp in Germany over the next two to three years, focusing on projects of at least 20MW.