Key Developments: Canadian Solar Inc (CSIQ.O)

CSIQ.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Canadian Solar Inc's subsidiary completes sale of 10 MW Solar Power Plant to Concord Green Energy
Monday, 7 Jul 2014 07:00am EDT 

Canadian Solar Inc:Says its wholly owned subsidiary, Canadian Solar Solutions Inc., completes sale of 10 MW AC Val Caron solar power plant valued at over C$60 mln to One West Holdings Ltd., an affiliate of Concord Green Energy.  Full Article

Canadian Solar announces joint venture with GCL-Poly in China
Tuesday, 27 May 2014 07:00am EDT 

Canadian Solar Inc:Enters into an agreement with GCL-Poly Solar System Integration (China) Co., Ltd to establish a joint venture to build a manufacturing site to produce crystalline silicon solar cells in Funing, Jiangsu Province, China.Canadian Solar will own 80pct and GCL will own 20pct of the equity in the Joint Venture.  Full Article

Canadian Solar Inc raises Q2 2014 revenue guidance; Reaffirms FY 2014 revenue guidance
Friday, 16 May 2014 06:00am EDT 

Canadian Solar Inc:Expects Q2 2014 total revenue to be in the range of $560 to $590 million.Reaffirms FY 2014 guidance for net revenue in FY 2014 to be in the range of about $2.7 to $2.9 billion.Q2 2014 revenue of $634 mln - Thomson Reuters I/B/E/S.FY 2014 revenue of $2.9 bln - Thomson Reuters I/B/E/S.  Full Article

Canadian Solar Inc announces partnership with IKEA Australia
Wednesday, 14 May 2014 07:00am EDT 

Canadian Solar Inc:Partnership with IKEA Australia to Build 3.6MW Solar Systems.3.6MW project will span across seven IKEA sites located in Victoria, New South Wales, and Queensland, and will generate enough clean energy to offset about 4,000 tonnes of CO2 annually.Canadian Solar is leader in PV product quality and durability, providing industry's highest power outputs per panel.  Full Article

Canadian Solar Inc raises Q1 2014 revenue guidance
Wednesday, 7 May 2014 08:30am EDT 

Canadian Solar Inc:Expects Q1 2014 revenue to be in range of $460 mln to $470 mln, compared to previous guidance which was in range of $415 mln to $430 mln.Q1 2014 revenue of $423 mln - Thomson Reuters I/B/E/S.  Full Article

Canadian Solar Inc to receive C$115.5 million loan from National Bank of Canada and receives contract through different projects
Friday, 2 May 2014 05:00am EDT 

Canadian Solar Inc:Says that National Bank of Canada will provide company with C$115.5 mln, in short-term construction financing.Credit facility will be used to support construction of three solar power projects in Ontario, Canada, totaling 30 MWac.Three solar power projects are Sparkle Light (Beaverton), Good Light (Kawartha Lakes) and Lunar Light (Belleville) have all been awarded 20-year power purchase contract by Ontario Power Authority under Ontario's Feed-In-Tariff Program.Sparkle Light and Good Light are already in construction and construction of Lunar Light is planned to commence in July 2014.Loans are expected to be repaid with the proceeds of the sale of the respective financed projects.  Full Article

Canadian Solar Inc receives financing from Manulife
Tuesday, 1 Apr 2014 05:00am EDT 

Canadian Solar Inc:Says Manufacturer's Life Insurance Co has agreed to provide about C$50.5 million in construction and term financing for the company's solar power project located in Ontario, Canada.The mighty solar project will be acquired by Concord Green Energy Inc after Commercial Operation.Bowmont Capital and Advisory acted as the Financial Advisor to Concord.  Full Article

Canadian Solar Inc completes sale of Little Creek Solar Power Plant to BluEarth
Thursday, 27 Mar 2014 07:00am EDT 

Canadian Solar Inc:Canadian Solar Solutions Inc. subsidiary completed sale of Little Creek.Creek is a 8.5 megawatt (MW) AC solar power plant valued at over C$53.0 mln to BluEarth Renewables Inc subsidiary (BluEarth).  Full Article

Electrovaya Inc partners with Canadian Solar Inc for micro-grid energy storage project
Monday, 17 Mar 2014 08:04am EDT 

Electrovaya Inc:Says it will partner with Canadian Solar Inc.Electrovaya plans to provide a 200 kWh energy storage system which will feature its Lithium Ion SuperPolymer2.0 technology.Project is being funded by the Ontario Smart Grid Fund, through the Ministry of Energy.  Full Article

Canadian Solar Inc announces opening of Microgrid Testing Centre
Friday, 14 Mar 2014 07:00am EDT 

Canadian Solar Inc:Opening of Canadian Solar Microgrid Testing Centre.Centre will focus on micro-grid solution testing, and system solution design and smart grid assessment services.  Full Article

Canadian Solar posts profit as solar module shipments rise

May 16 - Canadian Solar Inc posted its third straight quarterly profit as the company shipped more solar modules.

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