Canadian Photo voltaic is constructing a state-of-the-art photo voltaic photovoltaic module manufacturing plant with an annual output of 5 GW, equal to roughly 20,000 high-power modules per day.
Canadian Photo voltaic Inc. (the “Firm” or “Canadian Photo voltaic”) (NASDAQ: CSIQ), headquartered in Guelph, Ontario, at the moment introduced that it’s constructing a photo voltaic PV module manufacturing facility in Mesquite, Texas.
Canadian Photo voltaic is constructing a state-of-the-art photo voltaic photovoltaic module manufacturing plant with an annual output of 5 GW, equal to roughly 20,000 high-power modules per day. The brand new facility represents an funding of over 0 million and can create roughly 1,500 expert jobs as soon as it’s absolutely ramped up. Manufacturing is predicted to start by the top of 2023. That is Canada Photo voltaic’s first manufacturing facility in the USA, following a profitable manufacturing observe document in Canada, China, Brazil, Thailand and Vietnam. In 2021, Canadian Photo voltaic moved Recurrent Vitality, its 17-year-old US subsidiary, to Austin, which has led the Lone Star State’s fast progress in renewable power as a photo voltaic and storage venture developer. battery.
“Canadian Photo voltaic’s new 0 million manufacturing plant in Mesquite will solidify Texas’ standing because the power capital of the world and guarantee our management as a worldwide tech hub,” mentioned Governor Greg Abbott. “I thank Canadian Photo voltaic for selecting Texas for his or her subsequent US enterprise funding and for creating 1,500 new jobs within the area to assist enhance the group for generations to return.”
United States Senator Ted Cruz expressed his enthusiasm for the venture saying, “Texas is a powerhouse in power manufacturing, and we embrace an all-energy technique. It is nice to see this unimaginable funding in Mesquite, which can create 1,500 good-paying jobs in Texas. Such a funding within the Lone Star State is why individuals flock to our nice state. I’ll proceed to combat for Texas innovators and employees within the US Senate.”
Mesquite Mayor Daniel Aleman, Jr. added, “We’re very proud to have an organization like Canadian Photo voltaic in Mesquite and recognize their funding in our metropolis. We look ahead to an awesome partnership with them and the impression they’ll make in our group.”
Emphasizing the significance of this new facility, Dr. Shawn Qu, founder and CEO of Canadian Photo voltaic, mentioned, “Establishing this manufacturing facility is a crucial milestone that can allow us to higher serve our US clients with probably the most superior expertise within the trade. We look ahead to that is the primary of many long-term investments we hope to make within the US as we expect strategically a few sustainable and resilient clear power provide chain. We thank the State of Texas, Dallas County, and the Metropolis of Mesquite for his or her crucial assist and we look ahead to working with them as we develop.
expertise
Canadian Photo voltaic is a frontrunner within the growth and commercialization of the novel Tunnel Oxide Passivated Contact (TOPCon) photo voltaic cell expertise, which will likely be deployed in modules manufactured on the Mesquite facility. TOPCon cells have the best effectivity in industrial photo voltaic PV expertise and are extremely optimized with bifacial modules, which generate power from the back and front of the photo voltaic cell. The deployment of TOPCon’s newest expertise within the US will assist cut back shoppers’ electrical energy payments and additional contribute to the decarbonization of the power grid.
About Canadian Photo voltaic
Canadian Photo voltaic was based in 2001 in Canada and is without doubt one of the largest photo voltaic expertise and renewable power corporations on this planet. It’s a main producer of photo voltaic photovoltaic modules, supplier of photo voltaic power and battery storage options, and developer of utility-scale solar energy and battery storage initiatives with a geographically diversified pipeline in varied levels of growth. Over the previous 22 years, Canadian Photo voltaic has efficiently delivered about 94 GW of premium high quality, photo voltaic photovoltaic modules to clients world wide. Likewise, since coming into the venture growth enterprise in 2010, Canadian Photo voltaic has developed, constructed and linked 8.8 GWp in additional than 20 international locations world wide. At the moment, the Firm has roughly 609 MWp of initiatives in operation, 6.9 GWp of initiatives below building or within the backlog (late-stage), and an extra 17.7 GWp of superior and early-stage initiatives. pipeline. Canadian Photo voltaic is without doubt one of the most bankable corporations within the photo voltaic and renewable power trade, publicly listed on NASDAQ since 2006. For extra details about the Firm, comply with Canadian Photo voltaic on LinkedIn or go to www. canadiansolar.com.
