Canadian Solar Inc., one of the world’s largest designers, developers, and manufactures of solar products and solutions, recently announced that it will provide solar panels to a 2.3MW solar project in Louisburg, North Carolina.
“We are pleased to be selected by Argand Energy Solutions for this attractive project, as we continue to expand our presence in the important U.S. market,” said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. “Argand Energy Solutions, like Canadian Solar, has a fast growing presence in the solar power market, with a highly experienced team and commitment to excellence.”
Argand Energy Solutions, who started construction of the ground-mounted solar power system in June 2013, selected Canadian Solar for its proven quality, performance, and global brand recognition.
Over 7000 of Canadian Solar’s modules will be installed in this solar power project. Upon completion, slated for August 2013, the project will be capable of powering over 450 homes annually.
“These types of projects are a win-win for everyone – the landowner gets income, the county gets more tax revenue, and North Carolina benefits, as companies like Argand hire and train more workers for solar installation,” said Argand CEO Erik Lensch.
The Governor of North Carolina, Pat McCrory, has declared June 2013 Solar Energy Month in acknowledgment of the State’s significant solar energy potential. North Carolina, ranked fifth in the nation for solar projects, is shooting to rank fourth in 2013.
Such projects help the United States take further steps towards energy independence and the reduction of carbon emissions.
Canadian Solar was also recently awarded a contract to supply 91MW worth of high-output solar modules to Soleq Solar Co. Ltd., an Asia-based solar provider. These modules will be spread across 10 separate projects.
Soleq is to be owner and operator, while two companies, Juwi Holding AG and Bouygues Construction, are to provide construction and engineering.
Canadian Solar’s CS6X modules carry a 10-year warranty on material and workmanship and a 25-year warranty on power output performance. Delivers on these modules have already started and shipments are expected to complete by the end of 2013.
These recent deals have helped to drive Canadian Solar’s stock to the highest price in more than two years.
About Canadian Solar
Canadian Solar was founded in Ontario, Canada in 2001, and has since become one of the world’s largest solar power companies. Canadian Solar is a low-cost, vertically-integrated producer that operates in 11 countries: Canada, Germany, Italy, Japan, Korea, Spain, Australia, Singapore, Hong Kong, China, and the United States. Known for the manufacture of high-quality solar PV products, Canadian Solar has delivered solar modules to over 50 countries to date. They are also solar project developers, system integrators and installers, property owners, power producers, and utility leaders. Canadian Solar recognizes the need for a trustworthy business partner with long-term strength and the expertise to deliver solutions. For more information, please visit www.canadiansolar.com
