Canadian Solar expands operations with advanced wafer facility in Thailand

Canadian Solar Inc. (NASDAQ: CSIQ), headquartered in Guelph, Ontario, has announced the establishment of a significant new solar PV wafer production facility in Chonburi, Thailand.

State-of-the-Art Solar Manufacturing Capacity

The company is constructing a state-of-the-art, 5 GW solar photovoltaic N-type wafer manufacturing plant, with production expected to start in March 2024. Initially, the solar wafers produced here will be used at the existing Thailand TOPCon cell manufacturing plant in the same location. Starting in 2025, these wafers will serve as inputs to Canadian Solar‘s new 5 GW U.S. cell factory in Jeffersonville, Indiana, upon its completion.

Canadian Solar expands operations with 5 GW solar PV wafer facility in Thailand

Strategic Importance of the New Facility

Thomas Koerner, Senior Vice President of Canadian Solar, emphasized the strategic importance of the Thai facility. “This new solar wafer factory in Thailand is a key milestone for serving our U.S. customers with a diversified and resilient supply chain,” he stated. The facility is also a response to the latest AD/CVD ruling by the U.S. Department of Commerce, enabling Canadian Solar to meet new requirements responsibly.

Canadian Solar’s Global Impact

Canadian Solar, a leading manufacturer of solar photovoltaic modules and provider of solar energy and battery storage solutions, has a strong track record in the solar industry. Over 22 years, it has delivered over 102 GW of premium-quality, solar photovoltaic modules worldwide. Since 2010, the company has developed, built, and connected over 9 GWp of solar power projects and over 3 GWh of battery storage projects globally.

Currently, Canadian Solar operates approximately 700 MWp of solar power projects, with 8 GWp under construction or in backlog and an additional 17 GWp in advanced and early-stage development. Moreover, the company has a total battery storage project development pipeline of 52 GWh, including about 2 GWh under construction or in backlog and 50 GWh at advanced and early-stage development.