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Canadian Solar Strengthens Its Position In The Downstream Market

Canadian Solar (CSIQ) is a true solar industry heavyweight, ranking as the 3rd largest module supplier in 2014. The company has the distinction of being the largest North American solar manufacturer, competing with the likes of top Chinese manufacturers Yingli Green Energy (YGE) and Trina Solar (TSL). Despite its enviable position in the solar industry, the company is not resting on its laurels. In fact, Canadian Solar recently announced that it had acquired Recurrent Energy from Sharp Solar (SHCAY) for $265M.

This massive acquisition will help cement Canadian Solar's position in the North American market. Recurrent Energy has around 4 GW of solar projects its pipeline, nearly doubling Canadian Solar's entire pipeline to 8.6 GW. Out of Recurrent Energy's 4 GW pipeline, 1 GW is already its late stages, and is schedules to be completed before the 30% solar ITC step down. This 1 GW late-stage pipeline will also account… Read More …