Canadian Solar Financial and Operational Summary Q1 2022
Leading presence in markets with strong fundamentals
Focus on low-risk, high growth markets
North America: Potential legislations in the U.S. to allow CSIQ to
capture greater value from solar and storage assets; future
potential to build local investment vehicle.
Latin America: Growth through both public auctions and private
PPAs. Brazil - over 2 GW of projects in backlog, expected to reach
COD this year and over the next few years; to feed into the FIP-IE
vehicle. Mexico - executing projects with current partners, market
with strong fundamentals. Projects under development in Chile,
Colombia, Dominican Republic.
EMEA: Expect significant growth driven by net zero carbon
emissions targets; in Italy, established CSFS Fund 1, a closed-ended
alternative investment fund, partnering with patient capital
investors to retain ownership of projects over the longer term.
Largest developer in Italy in terms of contracted volume.
Japan: Strong fundamentals; transition from feed-in-tariff to
auctions market
Asia Pacific ex. Japan and China: Increase presence in markets
such as South Korea and explore opportunities in markets such as
Malaysia, Thailand and Vietnam
Over 6 GW of contracted projects secured
by long-term PPAs
Average length of FIT/PPA contracts
U.S.
Brazil
12-20
15-20
Europe
- 10
Japan
~ 20
Southeast Asia
- 20
Australia
10-20
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