How it started
History
Dr. Shawn Qu founded Canadian Solar in 2001 in Guelph, Ontario. In November 2006, the company went public (Nasdaq: CSIQ), trading at $15 per share. The company acquired the solar developer Recurrent Energy from Sharp Corporation for approximately $265 million in 2015.
In October 2017, Canadian Solar listed the Canadian Solar Infrastructure Fund Inc. (CFSI) on the Tokyo Stock Exchange. The fund’s initial public offering (IPO) of 177,800 investment units was priced at JPY 100,000 (US $879) per unit. The proceeds supported the acquisition of 13 solar power facilities with a combined capacity of 72.7 MWp from Canadian Solar subsidiaries in Japan.
In 2021, the firm relocated Recurrent Energy, its subsidiary that develops, owns, and operates solar and energy storage projects globally, to Austin, Texas.
In September 2022, Canadian Solar launched a residential energy storage solution, the EP Cube. Up to six units can be connected to deliver up to 119.9 kWh of energy storage and 45.6 kW output for home use.
In June 2023, Canadian Solar announced plans to construct its first U.S. manufacturing plant in Mesquite, Texas. The $250 million plant, which will employ up to 1,500 people, is designed to assemble 20,000 solar panels a day, totaling 5 GW of annual production capacity. In March 2024, Canadian Solar agreed to supply Sol Systems with solar modules from the finished factory. The company’s other manufacturing centers are in Asia and Canada.
From Wikipedia’s article on Canadian Solar, shared under CC BY-SA 4.0.2