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
24 Apr, 2024
Behind the scenes at Lightsource bp’s first battery energy storage project
Our Tiln battery project has now been energised. Here’s why this is a key milestone in our mission to build a renewable-powered grid.
19 Apr, 2024
What is Biodiversity Net Gain, and how will it help nature?
Nature is vanishing at an alarming rate. This is no less than a crisis, with biodiversity loss affecting public health, food security, and efforts to curb climate change.
16 Apr, 2024
Do solar panels work on cloudy days?
Solar panels continue to generate renewable electricity even on gloomy days, but how does this work and what effect does cloud have on generation?
09 Apr, 2024
World Economic Forum brief: Clean energy as a catalyst for a nature-positive energy transition
World Economic Forum brief examining how building renewable energy can help biodiversity and leave ecosystems in better shape than they found them.
08 Apr, 2024
Solar summits to task force – Lightsource bp’s 2024 Q1 event highlights
We hit the ground running to kick off 2024 at Lightsource bp. Here's a glimpse of the highlights from a range of events we have been a part of so far.
12 Mar, 2024
2024 utility-scale solar projects in progress
For over a decade, Lightsource bp has been supporting businesses and communities with affordable and reliable solar power.
08 Mar, 2024
Celebrating International Women’s Day 2024
International Women’s Day is a global celebration to raise awareness and advocate for women's rights. We asked some of our team members what it means to them.
23 Feb, 2024
Cultivating success: Lightsource bp’s vibrant growth in Taiwan through cultural adaptability
Lightsource bp’s Taiwan team organised a lunar year-end appreciation gathering in the town of Budai in Chiayi County, the very site of its pioneering fishery solar project.
21 Feb, 2024
Lightsource bp completes $348 million financing package for two utility-scale solar projects in Texas
Financing secured for two new Texas solar farms
12 Feb, 2024
Lightsource bp receives Investment Award for its contribution to renewable energy growth in Greece
Lightsource bp, global leader in the development and management of solar energy projects, has been awarded the Investment Award at the UK-Greek Business Awards.