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Canadian Solar Sees Growth From Selling Power

BUSINESSWEEK - Canadian Solar Inc. (CSIQ), the solar-panel maker whose shares have dropped 77 percent the past two years, plans to get almost half its revenue next year from selling solar farms after prices for panels collapsed.

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Print December 13, 2012, 13:09 (CET)
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The third-largest solar panel maker, based in Guelph, Ontario, is developing about 260 megawatts of projects in the Canadian province that it expects to sell for C$1.3 billion ($1.3 billion) over the next 18 months, Chief Financial Officer Michael Potter said. Canadian Solar makes its photovoltaic products in China.

 

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