{"id":34950,"date":"2019-11-15T06:50:04","date_gmt":"2019-11-14T20:20:04","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=34950"},"modified":"2019-11-15T06:50:04","modified_gmt":"2019-11-14T20:20:04","slug":"canadian-solar-q3-mb1293","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-q3-mb1293\/","title":{"rendered":"Canadian Solar&#8217;s Q3 Results"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignnone size-full wp-image-34951\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/canadian-solar.jpg\" alt=\"Canadian Solar panels\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/canadian-solar.jpg 1200w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/canadian-solar-300x158.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/canadian-solar-768x403.jpg 768w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/canadian-solar-1024x538.jpg 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>Canadian Solar shipped more solar panel capacity in the third quarter than guidance predicted and the firm is planning a significant increase in module manufacturing capacity.<!--more--><\/p>\n<p>For the quarter, total solar module shipments amounted to 2,387 MW (including 61 MW for the company&#8217;s own utility-scale solar power projects), up on the 2,143 MW reported for the second quarter of this year and above guidance of <span class=\"article-content\">2,200 MW to 2,300 MW for Q3.<\/span><\/p>\n<p>With Q3&#8217;s results added, this would bring the company&#8217;s total cumulative shipments close to 38.4GW.<\/p>\n<p>For this quarter, Canadian Solar expects total solar module shipments to be in the range of 2.3\u00a0GW to 2.4\u00a0GW, and for the full year approximately 8.4 GW to 8.5 GW. 6.6 GW of <a href=\"https:\/\/www.solarquotes.com.au\/panels\/canadian-solar-inc-review.html\">Canadian Solar panels<\/a> were shipped worldwide last year.<\/p>\n<p>Net revenue for Q3 came to $759.9 million, compared to $1.0 billion in the second quarter of 2019 and third quarter 2019 guidance of $780 million to $810 million. The ongoing decreasing <a href=\"https:\/\/www.solarquotes.com.au\/panels\/cost\/\">cost of solar panels<\/a> is great news for consumers, but not so great for manufacturers.<\/p>\n<h2>Ramping Up Manufacturing Capacity<\/h2>\n<p>The company also provided updated details of its manufacturing capacity expansion milestones out to the end of next year. The following indicates annual capacity as at September 30 and where Canadian Solar plans to be on December 31, 2020, depending on market conditions.<\/p>\n<ul>\n<li>Ingot: 1,850 MW -&gt; 2,350 MW<\/li>\n<li>Wafer: 5,000 MW -&gt;\u00a0 no change<\/li>\n<li>Cell: 8,700 MW -&gt; 9,600 MW<\/li>\n<li>Module: 11,150 MW -&gt; 15,170 MW<\/li>\n<\/ul>\n<p>Canadian Solar&#8217;s full Q3 report <a href=\"http:\/\/investors.canadiansolar.com\/news-releases\/news-release-details\/canadian-solar-reports-third-quarter-2019-results\">can be found here<\/a>.<\/p>\n<h2>Emissions Intensity Reduction<\/h2>\n<p>In other recent news from the company, Canadian Solar has been making inroads on reducing resource and emissions intensity associated with production of its panels.<\/p>\n<p>According to its <a href=\"http:\/\/investors.canadiansolar.com\/news-releases\/news-release-details\/canadian-solar-releases-2018-sustainability-report\">sustainability report covering 2018<\/a> released late month, electricity usage per kW of production was reduced 14.5% from 7.22 kilowatt-hours in 2017 to 6.17 kWh in 2018, while carbon dioxide emissions were slashed by 19% from <span id=\"spanHghlt9d2a\">393 kilograms in 2017 to 318 kg<\/span> in 2018 per kilowatt of production.<\/p>\n<p>A kilowatt of good quality <a href=\"https:\/\/www.solarquotes.com.au\/solar101.html\">solar<\/a> will generate around 1,200 &#8211; 1,800 kilowatt-hours of clean electricity annually depending on installation specifics and based on that, avoid somewhere in the region of 1 &#8211; 1.6 tonnes of carbon dioxide emissions per year compared to coal fired power generation.<\/p>\n<p>Thankfully the old myths of solar panel production involving more emissions than avoided through their subsequent use and using more electricity in their manufacture than generated seem to be (pretty much) dead and buried.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian Solar shipped more solar panel capacity in the third quarter than guidance predicted and the firm is planning a significant increase in module manufacturing capacity.<\/p>\n","protected":false},"author":17,"featured_media":34951,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-34950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canadian Solar&#039;s Q3 Results - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Canadian Solar shipped more solar panel capacity in the third quarter than guidance predicted and the firm plans to bump up module manufacturing capacity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-q3-mb1293\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Solar&#039;s Q3 Results\" \/>\n<meta property=\"og:description\" content=\"Canadian Solar shipped more solar panel capacity in the third quarter than guidance predicted and the firm plans to bump up module manufacturing capacity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-q3-mb1293\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-14T20:20:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/canadian-solar.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-q3-mb1293\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-q3-mb1293\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Canadian Solar&#8217;s Q3 Results\",\"datePublished\":\"2019-11-14T20:20:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-q3-mb1293\/\"},\"wordCount\":389,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-q3-mb1293\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/canadian-solar.jpg\",\"articleSection\":[\"General Solar &amp; 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The company reports total solar panel shipments in the second quarter of 2020 hit 2,905 MW capacity, up substantially from 2,214 MW in the first quarter of this year and 2,143 MW\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Canadian Solar results - Q2 2020","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/08\/canadian-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/08\/canadian-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/08\/canadian-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/08\/canadian-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/08\/canadian-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":56513,"url":"https:\/\/www.solarquotes.com.au\/blog\/jinkosolar-q3-2021-mb2257\/","url_meta":{"origin":34950,"position":1},"title":"JinkoSolar Q3 2021 Results Released","author":"Michael Bloch","date":"December 1, 2021","format":false,"excerpt":"Shipments of JinkoSolar panels took a small hit in Q3 - but the Jinko juggernaut continues to rumble on. Early today JinkoSolar announced its unaudited financial results for the third quarter ended September 30, 2021, indicating 4,993 MW of product was shipped in Q3 (modules: 4,671 MW, cells and wafers:\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"JinkoSolar panel shipments Q3 2021","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/jinkosolar-panels.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/jinkosolar-panels.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/jinkosolar-panels.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/jinkosolar-panels.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/12\/jinkosolar-panels.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":86297,"url":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-results-mb2993\/","url_meta":{"origin":34950,"position":2},"title":"Canadian Solar Exceeds Q2 2024 Panel Shipment Forecast","author":"Michael Bloch","date":"August 26, 2024","format":false,"excerpt":"Despite challenging market conditions, Canadian Solar bettered previous guidance on solar panel shipments in the second quarter of this year according to the firm's latest financial report. The company has two business segments: Recurrent Energy and CSI Solar. Recurrent Energy is focused on clean energy project development, while CSI Solar\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Canadian Solar shipments Q2 2024","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/canadian-solar-results.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/canadian-solar-results.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/canadian-solar-results.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/canadian-solar-results.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/canadian-solar-results.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":38243,"url":"https:\/\/www.solarquotes.com.au\/blog\/jinkosolar-results-coronavirus-mb1449\/","url_meta":{"origin":34950,"position":3},"title":"JinkoSolar Celebrates 2019 Performance, Still Confident About 2020","author":"Michael Bloch","date":"March 18, 2020","format":false,"excerpt":"Chinese solar panel manufacturer JinkoSolar had a huge year in 2019 and appears very confident about its prospects in 2020, even given the impact of the coronavirus COVID-19. Late last week, JinkoSolar announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019. The company\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"JinkoSolar solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/jinkosolar-2020.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/jinkosolar-2020.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/jinkosolar-2020.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/jinkosolar-2020.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/jinkosolar-2020.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":20353,"url":"https:\/\/www.solarquotes.com.au\/blog\/jinkosolar-2017-results-mb0521\/","url_meta":{"origin":34950,"position":4},"title":"JinkoSolar&#8217;s Stellar Solar Panel Shipment Tally","author":"Michael Bloch","date":"March 28, 2018","format":false,"excerpt":"JinkoSolar recently announced it had shipped a very impressive 9,807 MW of solar panel capacity in 2017, a 47.3% increase on 2016 - and the company expects to better last year's figure in 2018. In its fourth quarter and full year 2017 financial results, the company reported total solar module\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"jinko solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/jinko-solar-panels.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/jinko-solar-panels.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/03\/jinko-solar-panels.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10538,"url":"https:\/\/www.solarquotes.com.au\/blog\/ja-solar-hits-1gw-capacity-milestone-india\/","url_meta":{"origin":34950,"position":5},"title":"JA Solar Hits 1GW Capacity Milestone In India","author":"Michael Bloch","date":"April 19, 2017","format":false,"excerpt":"Chinese solar panel manufacturing giant JA Solar says its cumulative module shipments to India have reached 1 gigawatt; two years after it entered that market. The company states its shipments to India last year represented significant market share in the region and it believes it held a leading share during\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"JA Solar module","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/04\/ja-solar-module.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/04\/ja-solar-module.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/04\/ja-solar-module.png?resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/34950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=34950"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/34950\/revisions"}],"predecessor-version":[{"id":34953,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/34950\/revisions\/34953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/34951"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=34950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=34950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=34950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}