Canadian Solar
#6281
Rank
$649.84M
Marketcap
Canada
Country
Dr. Xiaohua Qu (Chairman, Pres & CEO)
Dr. Huifeng Chang (Sr. VP, CFO & Director)
Dr. Guoqiang Xing (Sr. VP & CTO)
Summary
History
Founded in 2001 in Guelph, Ontario, Canada by Shawn Qu, Canadian Solar has subsidiaries in over 24 countries on 6 continents. They manufacture solar PV modules, are involved in supporting the installation of solar energy, and are involved in a number utility-scale power projects. With the company's acquisition of Recurrent Energy, Canadian Solar's total project pipeline reached 20.4 GW, including an increase in the late-stage project pipeline to 2.4 GW.
In November 2006, the company went public at $15 per share.Including two manufacturing facilities in Ontario, Canadian Solar employs nearly 9,000 workers worldwide. This translates to more than 16 GW of panel shipments, or approximately 70 million PV modules, in the past 15 years.The Human Rights Foundation criticized the firm after a 2021 report by The Globe and Mail revealed the company operates a solar farm in Xinjiang, China nearby a Uyghur internment camp. The Guelph Mercury Tribune later revealed a second solar farm in Xinjiang. In response to a question about the firm at a news conference, Prime Minister Justin Trudeau said, "We will continue to work very, very closely and follow up with , and all companies that have investments in that area, to ensure they are following Canadian values and Canadian law." The Globe further uncovered that in 2019 Canadian Solar signed a major agreement with the polysilicon manufacturer GCL-Poly, a company whose Xinjiang subsidiary has ties to forced labour.
The Mercury Tribune reported Canadian Solar sold both of its Xinjiang solar farms in late 2021 to a consortium of various Chinese banks and investment groups.
Mission
Vision
Key Team
Mr. Ed Job M.Sc., CFA (Managing Director of Investor Relations)
Mr. Jianyi Zhang (Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.)
Ms. Mary Ma (Sr. Supervisor of Investor Relations)
Ms. Zhang Zhang (Director of Investor Relations & Strategic Analysis)
Mr. Yan Zhuang (Director)
Ms. Julie E. Ungerleider (Managing Director of Global EPC - Global Energy Group)
Mr. Ismael Guerrero Arias (Corp. VP & Pres of the Energy business)
Recognition and Awards
References
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Dr. Xiaohua Qu (Chairman, Pres & CEO)
Dr. Huifeng Chang (Sr. VP, CFO & Director)
Dr. Guoqiang Xing (Sr. VP & CTO)