Canadian Solar Inc (NASDAQ:CSIQ) moves forward on Leeward project

Posted by Kristi Scott August 22, 2013 0 Comment 1058 views

Comet Solar has selected Canadian Solar Inc (NASDAQ:CSIQ)’s modules for its solar-project that is situated in the West Indies’ Leeward Islands. To date, this is the biggest commercial PV project that the Nevis and St Kitts government has permitted. The development of the 600KW solar-project will be handled by Comet Solar, the installation firm, on behalf of SL Horsford.

The challenge

The latter is a manufacturing, service and trading company. This project covers 8 of the company buildings. These are made up of supermarkets that have very high refrigeration loads. Considering that the project is located in such a remote place, Comet Solar definitely faces some stiff and real challenges.

The Buildings have a mix of concrete and steel roofs and a combination of American and British voltages and electrical systems. All these factors make the installation process very difficult and challenging.

Canadian Solar Inc (NASDAQ:CSIQ) provides services to a customer-base that is spread across very wide geographic areas. It has customers in the United States, Spain and Germany as well as in various emerging markets like Italy, the Czech Republic, France, Japan, Canada, China and South Korea.

Big projects

Very recently, Argand Energy Solutions had chosen Canadian Solar modules for their solar-project situated in Louisburg in North Carolina. The former, in collaboration with Horne Brothers Construction, Inc started construction of the 2.3MW project in 2013 June. The system-grid connection process is slated to start this month. The company has also received another contract via which it will be supplying 91MW of CS6X PV modules to Soleq Solar, an Asia-based solar-power provider. These will be used for its power-projects located in Thailand.

The company

CSIQ is a vertically-integrated, low-cost solar module manufacturer. Its manufacturing assets are largely located in China. The company has very good prospects specifically due to its geographically spread-out customer-base.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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