uploads///CSIQ Capacity Expansion

Canadian Solar’s Manufacturing Business: Rising Market Share

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Jun. 25 2015, Updated 12:06 p.m. ET

Manufacturing business

Canadian Solar (CSIQ) designs its standard modules for residential, commercial, and utility markets. The company offers modules of various power outputs and design patterns. Its specialty solar products cater to users without access to grid electricity as well as users who require a mobile power source.

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Manufacturing capacity

From 2014 to 2017, the company’s manufacturing capacity for solar cells and modules is estimated to increase at a compound annual growth rate of 15% and 16%, respectively. Trina Solar (TSL) reached a manufacturing capacity of 3,100 MW for cells and 4,000 MW for modules at the end of 2014. ReneSola (SOL) has a module capacity of 1,200 MW and SunPower (SPWR) has a combined cell and module manufacturing capacity of 1,700 MW. Yingli (YGE), on the other hand, has a capacity of 3,200 MW and 4,000 MW for cells and modules, respectively.

So far, Canadian Solar doesn’t have higher manufacturing capacity than its peers. But taking a look at the company’s photovoltaic module market share, you can see that it has consistently improved over the last five years.

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