Photovoltaic module manufacturer Canadian Solar announced that by the end of this year its shipment of solar panels will reach 35 GW. The information was released in unaudited selective preliminary results for the fourth quarter of 2022 and the preliminary business outlook for the first quarter of 2023.
According to the company, for the fourth quarter of 2022, total module shipments are expected to be approximately 6,4 GW.
For the first quarter of 2023, the company expects total module shipments to be in the range of 5,9 GW to 6,2 GW, due to the usual seasonality. And for the whole of 2023, Canadian says the expectation for total module shipments is 30 GW to 35 GW.
For Alexandre Borin, Director of Distributed Generation Latam, the investment in increasing production capacity demonstrates Canadian’s vision for the future. “Canadian wants to remain among the largest global players in the supply of photovoltaic modules,” highlighted Borin.
“The introduction of the new Topcon N-type technology together with the verticalization of production will bring more availability and more diversity in the product portfolio to serve both distributed generation and large utility projects in the world and especially in Brazil where Canadian has the largest structure among all manufacturers”, he added.
“With this investment in production capacity, combined with the verticalization of the supply chain and technology applied to the 210 mm cell and Topcon, Canadian Solar will continue to be one of the leaders in the supply of photovoltaic modules for Utility Scale projects in Brazil and Latam, capable of meeting all demand in the region with the most advanced technology for high-power modules reaching 700 W, thus reducing the BOS cost in project implementations”, added Marcel Peralta, director of Utility Scale Latam.
