Canadian Solar books records

Canadian Solar’s revenues hit a record high of $3.47bn in 2015, up from $2.96bn in 2014.

The 2015 revenues were driven by shipments of over 4.7GW, which was also a record for the company.

Looking to 2016, the company predicts shipments of between 5.4GW and 5.5GW, with revenue in the range of $2.9bn and $3.1bn.

The revenue projections do not include the potential sale of solar power plants currently operating or coming online during the year, Canadian Solar said.

If such sales go ahead, revenues could be in the $3.2bn to $3.6bn range.

The company said the focus on the module side of its business is to upgrade its technology.

“The increase in our internal wafer and cell production will help us to increase the module power output and lower our cost, therefore, better prepare us for future competition,” it said.

Canadian Solar chairman and chief executive officer Shawn Qu said: “This was a record breaking year for Canadian Solar. 

“The more than 4.7GW of total solar module shipments in 2015 underscores the vast growth opportunities we see ahead in our key markets worldwide.”

Image: Canadian Solar