Canadian Solar Inks PV Module Supply Agreements In China, Turkey

Posted by SI Staff on November 12, 2013 No Comments
Categories : Projects & Contracts

Canadian Solar Inc. has been awarded a module supply agreement to provide China Perfect Machinery Industry Corp. with 32 MW of its CS6X-P solar photovoltaic modules for a solar power plant project in China. Module delivery is expected to be completed by the end of November.

The company also says it has recently completed delivery of 2.3 MW of its CS6P250P modules to a consortium of companies for a solar power project located in Kayseri, Turkey.

‘Our agreement with China Perfect Machinery Industry is another major step in our effort to expand our market presence in China,’ says Shawn Qu, president, chairman and CEO of Canadian Solar." Clearly, demand for solar modules in China is picking up nicely in the fourth quarter of 2013, with improving pricing and more attractive payment terms, and we remain optimistic China will be the largest solar PV market this year and in the foreseeable future."

As for the Turkish deal, Qu notes that because the cumulative installed PV capacity in Turkey since 1996 is just 6 to 7 MW, he considers the sales a significant development in that market.

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