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Article: Canadian Solar's Chinese Inroads - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- August 27, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Canadian Solar's Chinese Inroads - Analyst Blog
Canadian Solar Inc.
(
CSIQ
) yesterday announced that is has obtained rights to design, install, operate and maintain a 500MW solar power plant system in Baotou, Inner Mongolia -- an autonomous region in the northern part of the People's Republic of China. Canadian Solar got a letter of intent from the Administration Committee of Baotou National Rare Earth Hi-Tech Industrial Development Zone.
Canadian Solar is one of the largest solar module producers in the world, with manufacturing based in China. However, the Canadian company generates the majority of its revenues from the European market (58.6% of revenues in Q2’09), ...