{"id":72663,"date":"2023-03-23T05:29:36","date_gmt":"2023-03-22T18:59:36","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=72663"},"modified":"2023-03-23T05:29:36","modified_gmt":"2023-03-22T18:59:36","slug":"canadian-solar-2022-2023-mb2871","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-2022-2023-mb2871\/","title":{"rendered":"Canadian Solar Shatters Panel Shipment Record"},"content":{"rendered":"

\"Canadian<\/p>\n

Canadian Solar had a record year for solar panel shipments in 2022 – and expects an even bigger year in 2023.<\/p>\n

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.<\/p>\n

In the final quarter of last year, the company shipped 6.4GW1<\/a><\/sup> of solar panels, which was above the guidance range of 6.0 GW to 6.3 GW and up 68% year-over-year. For the full year, CSI racked up a record 21.1GW of shipments, which was a very impressive 45% increase year-over-year.<\/p>\n

Commenting on the result, CSI Solar president Yan Zhuang said<\/a>:<\/p>\n

“We achieved significant growth and profitability improvements throughout 2022. We continued to focus on strengthening our competitive advantage in technology and product leadership, positioning our brand in high-priced premium markets, building on strong customer and channel relationships, and increasing control over costs through vertical integration of manufacturing capabilities.”<\/p><\/blockquote>\n

Panel Shipment Prediction For 2023<\/h2>\n

Looking ahead, Mr. Zhuang said he expects more significant growth driven by the firm’s solar and battery storage offerings. For the full year of 2023, the company hasn’t changed its outlook for CSI Solar’s total module shipments; which are expected to be in the range of 30 GW to 35 GW – quite a jump on 2022.<\/p>\n

Manufacturing Capacity Expansion To Continue<\/h2>\n

Subject to capital allocations and market conditions (and of course, Murphy’s Law), Canadian Solar’s annual wafer, cell and module production capacities should continue to grow at a rapid clip this year. Here’s where the company was at the end of last year and what the company is expecting by the end of 2023:<\/p>\n\n\n\n\n\n\n\n
<\/td>\nDecember 2022
\nActual<\/strong><\/td>\n		June 2023
\nPlanned<\/strong><\/td>\n		December 2023
\nPlanned<\/strong><\/td>\n<\/tr>\n
Ingot<\/td>\n20.4 GW<\/td>\n20.4\u00a0 GW<\/td>\n20.4 GW<\/td>\n<\/tr>\n
Wafer<\/td>\n20.0 GW<\/td>\n21.0 GW<\/td>\n35.0 GW<\/td>\n<\/tr>\n
Cell<\/td>\n19.8 GW<\/td>\n26.0 GW<\/td>\n50.0 GW<\/td>\n<\/tr>\n
Module<\/td>\n32.2 GW<\/td>\n36.7 GW<\/td>\n50.0 GW<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Canadian Solar In Australia<\/h2>\n

While the top five markets ranked by shipments in 2022 were China, the U.S., Brazil, Spain and Germany, the company’s panels have been and continue to be pretty popular in Australia for residential PV installations given their comparatively low pricing point and track record to date.<\/p>\n

The firm has achieved an average 4.7-star rating here on SolarQuotes from an overall total of 1,799 ratings at the time of publishing, and 4.9 stars over the last 12 months (200 ratings). You can check out Australian customer Canadian Solar panel reviews here<\/a>, and compare specifications and estimated pricing of the company’s products available in Australia with other brands on SQ’s solar panel comparison table<\/a>.<\/p>\n

Canadian Solar is currently listed on SolarQuotes’ recommended solar brands chart<\/a>, but the firm failed to score a spot on the podium this year in SQ’s Installers’ Choice Awards for the best solar panels in 2023<\/a> (it achieved 5th in the budget category).<\/p>\n

Good to know:<\/b> Despite the company’s name, Canadian Solar panels purchased in Australia will not be made in Canada – more likely China (as most modules are).<\/p>\n","protected":false},"excerpt":{"rendered":"

Canadian Solar had a record year for solar panel shipments in 2022 – and expects an even bigger year in 2023.<\/p>\n","protected":false},"author":17,"featured_media":72664,"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-72663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nCanadian Solar Shatters Panel Shipment Record<\/title>\n<meta name=\"description\" content=\"Canadian Solar had a record year for solar panel shipments in 2022 - and expects an even bigger year in 2023.\" \/>\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-2022-2023-mb2871\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Solar Shatters Panel Shipment Record\" \/>\n<meta property=\"og:description\" content=\"Canadian Solar had a record year for solar panel shipments in 2022 - 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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":48619,"url":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-report-mb1923\/","url_meta":{"origin":72663,"position":1},"title":"Canadian Solar Warns Of Panel Price Increase","author":"Michael Bloch","date":"March 22, 2021","format":false,"excerpt":"Although a challenging year, Canadian Solar saw major growth in panel shipments in 2020 - but also warned of a price rise looming. 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\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 report","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/canadian-solar-report.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/canadian-solar-report.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/canadian-solar-report.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/canadian-solar-report.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/canadian-solar-report.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":38645,"url":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-results-mb1469\/","url_meta":{"origin":72663,"position":2},"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":42206,"url":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-q2-2020-mb1642\/","url_meta":{"origin":72663,"position":3},"title":"A Successful Q2 For Canadian Solar","author":"Michael Bloch","date":"August 13, 2020","format":false,"excerpt":"Canadian Solar last week announced its financial results for the quarter ended June 30, 2020, which exceeded expectations. 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":18846,"url":"https:\/\/www.solarquotes.com.au\/blog\/trina-solar-panel-shipments-mb0443\/","url_meta":{"origin":72663,"position":4},"title":"Trina Ships 9GW+ Of Solar Panels In 2017","author":"Michael Bloch","date":"February 1, 2018","format":false,"excerpt":"2017 proved to be another busy year for Trina Solar, which shipped 9.0 to 9.2 GW of PV modules to destinations around the world according to the company. Shipments during the first three quarters were 1.966 GW, 2.481 GW and 2.092 GW, respectively. While fourth quarter figures weren't final, 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":"Trina solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/trina-solar-panels.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/trina-solar-panels.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/trina-solar-panels.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":34950,"url":"https:\/\/www.solarquotes.com.au\/blog\/canadian-solar-q3-mb1293\/","url_meta":{"origin":72663,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/72663","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=72663"}],"version-history":[{"count":4,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/72663\/revisions"}],"predecessor-version":[{"id":72668,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/72663\/revisions\/72668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/72664"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=72663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=72663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=72663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}