{"id":48619,"date":"2021-03-22T05:08:27","date_gmt":"2021-03-21T18:38:27","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=48619"},"modified":"2023-11-24T09:54:38","modified_gmt":"2023-11-24T00:24:38","slug":"canadian-solar-report-mb1923","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-report-mb1923\/","title":{"rendered":"Canadian Solar Warns Of Panel Price Increase"},"content":{"rendered":"

\"Canadian<\/p>\n

Although a challenging year, Canadian Solar saw major growth in panel shipments in 2020 – but also warned of a price rise looming.<\/p>\n

The company announced its financial results for the final quarter and full calendar year of 2020 on Friday, reporting 32% annual growth in total module shipments to 11.3 GW.<\/p>\n

Commenting on the results, Chairman and CEO Dr. Shawn Qu said:<\/p>\n

\u00a0“While 2020 was a tough year due to the pandemic, we remained focused on our long-term strategy of growth and delivered a robust set of results.”<\/p><\/blockquote>\n

Solar Panel Price Increase Ahead<\/h2>\n

There was some bad news for prospective solar buyers and project developers. According to Canadian Solar subsidiary CSI Solar President Yan Zhuang:<\/p>\n

“We are approaching the bottom of the solar cost curve and the era of ever-declining solar module prices is largely behind us. In fact, in the near term, solar module prices will increase.”<\/p><\/blockquote>\n

Mr Zhuang mentioned elevated polysilicon prices<\/a> and the increased cost of basic commodities among the culprits, which is assumed to mean components such as glass and frames that have also been in short supply. While the cost of going solar in Australia has continued to drop over the past 12 months thanks in part to a strong Aussie dollar, perhaps that won’t be enough to protect us and we’ll start seeing prices heading north soon.<\/p>\n

Canadian Solar isn’t the only company to have mentioned putting up panel prices – Jinko Solar also warned about the issue very recently.<\/p>\n

Solar Farms, Energy Storage<\/h2>\n

Elsewhere in Canadian Solar’s business, the company says it sold 1.4 GWp of projects globally during 2020 and it currently has a 20 GWp PV project pipeline.<\/p>\n

The firm also won 1 GWh of battery storage contracts last year. Canadian Solar is bullish on its 2021 energy storage projects, with a project pipeline of 9 GWh and expectations it will capture approximately 10% market share in the U.S. this year. The company intends rapidly expanding its activities in all aspects of the energy storage market – utility scale, commercial and industrial, as well as home battery<\/a> applications.<\/p>\n

Canadian Solar Panels And Australia<\/h2>\n

Over the past 19 years or so, Canadian Solar has shipped more than 52GW of modules to customers in more than 150 countries including Australia, where they have been consistently popular. The company notes Australia was among its top five markets for shipments in the final quarter of last year.<\/p>\n

Canadian Solar panel reviews<\/a> here on SolarQuotes from local owners have generally been positive. From the 1,272 ratings currently, the company has scored an all-time rating of 4.7 out of 5, and 4.9 out of 5 over the last 6 months .<\/p>\n

The firm is currently included\u00a0on SQ\u2019s trusted solar panel brands chart<\/a>, towards the budget end of the spectrum.<\/p>\n

Canadian Solar expects its global panel shipments to hit between 18 GW and 20 GW this year – another huge jump.<\/p>\n

More from the Fourth Quarter and Full Year 2020 Results Report can be found here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Although a challenging year, Canadian Solar saw major growth in panel shipments in 2020 – but also warned of a price rise looming.<\/p>\n","protected":false},"author":17,"featured_media":48620,"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-48619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nCanadian Solar Warns Of Panel Price Increase - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Although a challenging year, Canadian Solar saw major growth in panel shipments in 2020 - but also warned of a price rise looming.\" \/>\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-report-mb1923\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Solar Warns Of Panel Price Increase\" \/>\n<meta property=\"og:description\" content=\"Although a challenging year, Canadian Solar saw major growth in panel shipments in 2020 - 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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 "General Solar & Storage News"","block_context":{"text":"General Solar & 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":38645,"url":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-results-mb1469\/","url_meta":{"origin":48619,"position":1},"title":"A Strong 2019 For Canadian Solar","author":"Michael Bloch","date":"April 2, 2020","format":false,"excerpt":"Last week Canadian Solar released its financial results for the fourth quarter and full year of 2019 indicating another great year for solar panel shipments. The company racked up 8.6 GW of module shipments in 2019, compared 6.6 GW in 2018 and above guidance of 8.4 GW to 8.5 GW.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Canadian Solar","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/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\/04\/canadian-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/canadian-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/canadian-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/canadian-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":86297,"url":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-results-mb2993\/","url_meta":{"origin":48619,"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 "General Solar & Storage News"","block_context":{"text":"General Solar & 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":34950,"url":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-q3-mb1293\/","url_meta":{"origin":48619,"position":3},"title":"Canadian Solar’s Q3 Results","author":"Michael Bloch","date":"November 15, 2019","format":false,"excerpt":"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. For the quarter, total solar module shipments amounted to 2,387 MW (including 61 MW for the company's own utility-scale solar power projects), up on\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Canadian Solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/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\/2019\/11\/canadian-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/canadian-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/canadian-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/canadian-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":37340,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-shipments-rankings-mb1405\/","url_meta":{"origin":48619,"position":4},"title":"Top 10 Solar Panel Manufacturers In 2019 (Shipments)","author":"Michael Bloch","date":"February 13, 2020","format":false,"excerpt":"There were no big surprises in GlobalData's top ten list of solar panel manufacturers for global shipments last year, but capacity shipped among the big players grew significantly. The first seven rankings remained unchanged from the previous year. Here's how GlobalData's rankings look along with capacity shipped in 2019 and\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar panel shipments in 2019","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/02\/solar-panel-shipments.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/02\/solar-panel-shipments.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/02\/solar-panel-shipments.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/02\/solar-panel-shipments.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/02\/solar-panel-shipments.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":72663,"url":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-2022-2023-mb2871\/","url_meta":{"origin":48619,"position":5},"title":"Canadian Solar Shatters Panel Shipment Record","author":"Michael Bloch","date":"March 23, 2023","format":false,"excerpt":"Canadian Solar had a record year for solar panel shipments in 2022 - and expects an even bigger year in 2023. Canadian Solar has two business segments: Global Energy and CSI Solar, with the latter focused on solar module manufacturing, total system solutions and battery storage system integration. In the\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Canadian Solar","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/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\/2023\/03\/canadian-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/canadian-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/canadian-solar.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/03\/canadian-solar.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/48619","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=48619"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/48619\/revisions"}],"predecessor-version":[{"id":80196,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/48619\/revisions\/80196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/48620"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=48619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=48619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=48619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}