Canadian Solar - statistics & facts
Canadian Solar is one of the largest manufacturers of solar modules worldwide. The company is headquartered in Guelph, Ontario, although most of its photovoltaic module manufacturing facilities are located in China. China was also the company’s most important sales region, reaching a net revenue of roughly 2.2 billion U.S. dollars in 2023. The United States, Brazil, and Japan are other important markets for the company.
Canadian solar is one of the largest solar module producers worldwide. The company is headquartered in Canada but manufactures most of its products in China. Canadian Solar's CSI segment, which consists of solar module and battery manufacturing, is the most profitable business, although the company also develops and builds solar and storage projects globally.
Canadian Solar's financial standing
In its 2023 fiscal year, Canadian Solar’s net revenues rose to some 7.6 billion U.S. dollars, with the manufacturing of solar modules and energy storage systems being the most profitable segment. In that same year, the company reported a net income of 363.6 million U.S. dollars, the highest figure reached in the last decade. Of Canadian Solar’s operating expenses, roughly eight percent went towards investment in research and development.Canadian Solar’s products
One of the company's first products was a small solar charger to maintain car batteries during production for Volkswagen Mexico. Canadian Solar also became one of the major suppliers for Germany’s 2004 feed-in-tariff program, specifically for its rooftop solar projects. Since then, its focus revolves primarily on the production of solar modules, solar power systems, off-grid residential systems, and other specialized solar photovoltaic (PV) products. In fact, the company is one of the largest solar module manufacturers in the world. In 2022, the company's module shipments reached 21 gigawatts and it ranked among the leading five solar companies in terms of module shipments.Canadian solar is one of the largest solar module producers worldwide. The company is headquartered in Canada but manufactures most of its products in China. Canadian Solar's CSI segment, which consists of solar module and battery manufacturing, is the most profitable business, although the company also develops and builds solar and storage projects globally.
