There will be an additional of 11 photovoltaic (PV) solar power plants with a size varying from 2MW to 29MW, in U.S. The last project is to be completed in 2014, and the construction is planned to commence in 2012.
One of the world’s largest solar companies, The Canadian Solar Inc. announced the plan to develop 122MW of utility-scale solar projects within the United States. The expectations of Canadian Solar are that these projects will mark a strategic move for company to spread it out for sales in United States to extreme collaboration with utility-scale.
Canadian Solar Projects Group is leading Company’s project development presence in North America. Canadian Solar has been engaged to this second market in other projects. Approximately, 40MW of projects are already under the company in Ontario. The company has successfully delivered turnkey EPC services for three of those projects.
Dr. Shawn Qu said, that the Canadian Solar’s project team had made their business strategy admirable by offering their customers and shareholders a complete solution package. Additionally, the investment they have made in starting the new U.S. Projects Team shows the continued commitment to the U.S. market. Furthermore, the extensive solar experience of the team has enabled them to engage in11projects within 6 months, and therefore, expanding the U.S market even further.
The company has built up itself as one of the largest solar module suppliers to the U.S. market. Expansion into project development provides the Company a chance to grow in a hard time, when other firms in the industry had to cut back on jobs. Canadian Solar is predicting that it will start to see additional revenue from the Project Solutions Business. It expected that the project solution would rise in representation of total revenue from 10% to 25 %, from 2011 to 2012.
Canadian Solar Inc. as a leading vertically integrated provider of:
- solar cell
- solar module and other solar applications
- Canadian Solar designs
- Manufactures and delivers solar products
- Solar system solutions for on-grid and off-grid use
Currently, Canadian Solar is known for providing cost-effective, high quality and environmentally-friendly solutions. This is what explains the company’s strong growth in Europe, North America, Australia and Asia.