Canadian Solar Inc. (NASDAQ: CSIQ),
According to a Press Release from NRG, construction of the Spanish Town Estate Solar project began in April of 2014 and is expected to generate enough electricity to power more than 1,500 homes. It is expected to create nearly 100 direct and indirect jobs during construction and to inject a total of approximately $3 million into the local economy. With the purchase of the project, NRG, through its subsidiaries, will be the sole owner of the facility.
Canadian Solar, North America’s largest manufacturer of solar products, is continuing to expand its presence in the emerging markets like Central America, South America and The Caribbean.
“The Company has expanded its footprint with local offices and local staff based in Panama, Mexico, and Brazil and has supplied modules for some of the region’s largest PV projects,” said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc.
Canadian Solar modules are covered by a 10-year warranty on materials and workmanship, along with a 25 year linear power output performance guarantee. In addition, Canadian Solar’s products and performance warranties are backed by a third-party insurance policy that is underwritten by investment grade insurance companies.
About Canadian Solar Inc.
Founded in 2001 in Ontario, Canada, Canadian Solar is one of the world’s largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar has an industry leading and geographically diversified pipeline of utility-scale solar power projects as well as a track record of successful solar deployment boasting over 7 GW of premium quality modules installed in over 70 countries during the past decade. Canadian Solar is committed to providing high-quality solar products and solar energy solutions to customers around the world.
Photo: St Croix, US Virgin Islands courtesy of NASA