GUELPH, Ontario, Jan. 12, 2018 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today updated its guidance for the fourth quarter and full year 2017 in part to reflect the timing of certain utility-scale solar project sales. The updated guidance is subject to adjustments based upon completion of the Company's internal review process. Final reported results could differ materially from the estimates provided below. In the guidance provided in its press release dated November 9, 2017, the Company noted that in September and October 2017, it had entered into definitive agreements with two buyers to sel...
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Please join the New York Association for Energy Economics when we welcome Mark Petersen VP Engineering of Legend Power Systems to our Thursday, January 11th, 2018 lunch. All buildings currently receive more voltage than they are supposed to. This causes buildings to consume more power than necessary and has the potential to damage electrical equipment. The nature of how power is distributed & regulated on an aging power grid results in overvoltage, which wastes energy. Modern voltage management techniques help building owners and power utilities identify and reduce the negative effects overvoltage has on their infrastructure and also reduce electric load. Mark will explain what overvoltage is, how it occurs, how it impacts a building’s energy use, how it can be mitigated and how it can be harnessed to reduce energy consumption. Registration Lunch and Learn with Legend Power this Thursday, January 11 at Tonic Times Square: http://bit.ly/2qAN1LI via Legend Power Systems Inc. http://ift.tt/2APIm8x
GUELPH, Ontario, Jan. 9, 2018 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced it plans to partner with Photowatt, a subsidiary of EDF Energies Nouvelles and ECM Greentech, a group that is in the forefront of silicon crystallization equipment and process in France. The three companies intend to set up a joint venture ("JV") specialized in low-carbon production of advanced technology silicon ingots and wafers in France. EDF Energies Nouvelles through its subsidiary Photowatt, Canadian Solar and ECM Greentech would own 60%, 30% and 10% of the equity in the JV respectively. The JV p...
via Canadian Solar Inc. Press Releases http://ift.tt/2CVsne5 Vancouver, Canada, January 9, 2018 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced it received gross proceeds of C$2,228,640 from the exercise of warrants prior to their expiry on December 31, 2017. A total of 5,571,600 warrants were exercised to acquire 5,571,600 common shares of the Company at a price of C$0.40 per warrant. When combined with the 3,227,150 warrants announced as exercised as of July 25, 2017, the Company raised a total of C$3,519,500 in this tranche. This represents 100% of the warrants set to expire on December 31, 2017. All warrants issued by the Company have now been exercised. “Legend is privileged to have such strong support from our investor community as demonstrated by the successful exercise of our warrants,” said Randy Buchamer, President and CEO of Legend Power. “This additional capital will help us execute our business plan and rapidly address sales opportunities within Canada and the United States.” About Legend Power Systems Inc. Legend Power Systems Inc. (www.legendpower.com) is changing the way buildings around the world use power. The company’s patented and proprietary technology reduces overvoltage, a natural condition present in power grids around the world. Overvoltage inflates energy costs, damages electrical equipment, and increases the negative impact a building has on the environment. Legend’s utility-proven Harmonizer improves the power efficiency of an entire building to reduce total energy consumption and power costs, while maximizing equipment life. The solution provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. In 2015 Legend was recognized as the top performing cleantech company on the TSX Venture Exchange. For further information, please contact: Randy Buchamer, CEO and President + 1 778 945 1501 Sean Peasgood, Investor Relations + 1 416 565 2805 Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This Press Release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law. via Legend Power Systems Inc. http://ift.tt/2qH6VVr
GUELPH, Ontario, Jan. 4, 2018 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its wholly-owned subsidiary, CSI New Energy Holding Co., Ltd. has completed the sale of three solar power plants in China, totaling 44.3 MWp to Shenzhen Energy Nanjing Holding Co., Ltd., a subsidiary of Shenzhen Energy Group Co., Ltd. The transaction was closed on December 29, 2017 and the Company expects to recognize revenue from the sale of the plants for the fourth quarter of 2017. "With the sale of these three solar plants, we have now sold a total of seven plants in China to Shenzhen Energy," comm...
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GUELPH, Ontario, Jan. 2, 2018 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced the Oakey 2 Solar Farm in Queensland, Australia has reached financial close with the Clean Energy Finance Corporation ("CEFC") for a facility commitment of approximately A$55 million (US$42.8 million). The project has a capacity of 70 MWp and is part of the aggregate 117 MWp solar portfolio sale to Foresight Solar Fund Limited ("FSFL"). Further, Canadian Solar has won the EPC contract to complete the construction of the Oakey 2 Solar Farm and another contract to provide O&M services for the initial two...
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