Canadian Solar Sees Growth From Selling Power

13 Dec. 2012 by

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.

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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