Canadian Solar Lands New Projects in the U.S., Japan

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Canadian Solar (NASDAQ: CSIQ  ) will keep itself busy on both sides of the Pacific in the immediate future. The company announced it has inked two deals to supply its products to solar projects in Japan and in North Carolina.

For the former, the company is to provide 18 megawatts of its photovoltaic modules to Japanese conglomerate Hitachi. These will be used in a plant located near the city of Soma, scheduled to begin operation in 2015. Canadian Solar said that, all told, the plant will generate enough power for 5,000 homes, displacing roughly 9,200 tons of carbon dioxide per year.

In the North Carolina deal, the company has been tapped by local renewables firm Strata Solar to supply a set of five projects in the state that will collectively provide 30 MW of power. According to Canadian Solar, the five will together supply energy for around 3,750 households. That number is lower than in the Japan project, but the carbon dioxide displacement is significantly higher, at 21,120 metric tons.

Canadian Solar did not disclose the price, or detailed terms for either deal.

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  • Report this Comment On March 22, 2014, at 11:13 AM, camarodan64 wrote:

    csiq now $35-$36 and firstsolar just popped during the week 20%, looks like if you want to make money in csiq you should buy now. csiq will be taken over most likely.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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