GUELPH, Ontario, Nov. 28, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it successfully started construction of two new solar power projects, totaling 12.9 MWp in Japan. The 10.77 MWp Shizuoka Project will be powered by 32,640 of Canadian Solar made high-efficiency MaxPower modules, and once connected to the grid, the plant is expected to generate approximately 12,971 MWh of clean, reliable solar electricity each year. Tokyo Electric Power Co., Inc. will purchase the solar electricity under a 20-year feed-in-tariff contract at the rate of JPY36.0 ($0.32) per kWh. The Comp...
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GUELPH, Ontario, Nov. 27, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has won 367 MWp of solar power projects in Aguascalientes, Hermosillo and Obregón, Mexico in the country's third Long-term Auction for renewables held on November 15, 2017. Canadian Solar will develop and build three projects, totaling 367 MWp. Once connected to the grid, the electricity generated will be sold to the Comisión Federal de Electricidad (CFE) under a 15-year Power Purchase Agreement for Energy and 20-year for Clean Energy Certificates (CELs) at an average price of US$21/MWh. The proj...
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Vancouver, Canada, November 21, 2017 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced purchase orders totaling in excess of $550,000 for multiple Harmonizer systems. The units were purchased by an Ontario based School Board for facilities in the greater Toronto area under the previously announced OECM competitive tendering process.
“OECM is a trusted not-for-profit sourcing partner for Ontario’s education sector, broader public sector, and other not-for-profit organizations,” stated Randy Buchamer, Legend Power’s President and CEO. “As anticipated, our relationship with OECM is producing system sales in a more streamlined and rapid fashion. The education sector is a phenomenal proving ground for our technology and traction in this market supports adoption and revenue growth in additional markets.”
The Harmonizer is a proven technology for reducing energy consumption, resulting in lower power costs and less wear-and-tear on electrical equipment. OECM contracts with innovative, reputable suppliers to offer a comprehensive choice of quality products and services, to generate significant savings for its customers. Its simplified tendering process is an alternative to the traditionally slow and costly purchasing process often used by government and not-for-profit institutions.
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.
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.
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GUELPH, Ontario, Nov. 16, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced completion of its second green project bond placement with Goldman Sachs Japan Co., Ltd. The JPY7.4 billion ($66.0 million) dual-tenor green project bond was issued to finance Canadian Solar's 27.3 MWp Tottori Solar Power Plant in Tottori Prefecture, Japan. The Tottori solar power plant achieved commercial operations in August 2017, and the electricity generated is currently being purchased by the Chugoku Electric Power Company, Inc. under a 20-year feed-in-tariff contract at the rate of JPY40.0 ($0.36) per k...
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Canadian Solar Subsidiary Recurrent Energy Secures Debt Financing for 20 MW California Solar Project
GUELPH, Ontario, Nov. 15, 2017 /PRNewswire/ -- Recurrent Energy, LLC ("Recurrent Energy"), a wholly owned subsidiary of Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), today announced it has closed on a combined construction loan and construction letter of credit facility for the 20 MWac/28 MWp Gaskell West 1 solar power project. KeyBank N.A. provided the construction loan and construction letter of credit facility for the project, while KeyBanc Capital Markets Inc. acted as lead arranger for the deal. This marks Recurrent Energy's seventh transaction with KeyBanc Capital Markets. "As we advance our solar project pipeline across the U.S., long-standing financ...
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GUELPH, Ontario, Nov. 9, 2017 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced its financial results for the quarter ended September 30, 2017. Third Quarter 2017 Highlights Total solar module shipments were 1,870 MW, compared to 1,745 MW in the second quarter of 2017, and the third quarter guidance in the range of 1,650 MW to 1,700 MW. Net revenue was $912.2 million, compared to $692.4 million in the second quarter of 2017, and the third quarter guidance in the range of $805 million to $825 million. Net revenue from the total solutions business as a percentage of tot...
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EDF Energies Nouvelles and Canadian Solar Commission Two of the Pirapora Solar Energy Projects in Brazil
GUELPH, Ontario and RIO DE JANEIRO, Brazil, Nov.8, 2017 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, and EDF Energies Nouvelles, a global market leader in renewable energy, today announced that the 191.5 MWp Pirapora I and 92.5 MWp Pirapora III solar energy projects in Brazil, totaling 284 MWp, were commissioned in November 2017. As part of the Pirapora projects (399 MWp), the Pirapora I and III solar projects, located in the State of Minas Gerais in Brazil, were each awarded a 20-year Power Purchase Agreement following respectively the second and the first Reserve Energy Auctions, in 2015 and 2...
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