Market Overview

Canadian Solar Supplies 2.8MW Of Power To California Farmers

Canadian Solar Supplies 2.8MW Of Power To California Farmers

Shares of Canadian Solar Inc. (NASDAQ: CSIQ) were trading higher by more than 1 percent early Friday afternoon after the company announced that it supplied 2.8 MW of solar power to the Brar Family Partnerships in California.

Canadian Solar noted that the contract will provide enough electricity to power approximately 260 homes for a year and eliminate 2,500 metric tons of carbon dioxide emissions annually – equivalent to removing 500 cars from the road for one year.

Staten Solar, a Silicon-Valley based EPC company, provided engineering, procurement and construction services for Brar Farm's solar PV installation.

Related Link: Solar Stocks Are Getting Killed By SolarCity's Whiff

Dr. Shawn Qu, chairman and Chief Executive Officer of Canadian Solar, commented, "With the continued growth and momentum of solar within California, the inclusion of three-phase inverters as part of our product portfolio allows us to expand our addressable market while providing more value to our customers in the commercial solar segment. By collaborating together with prominent clean tech firms such as Staten Solar, we strive to make our corporate vision a reality through each solar installation in which we take part."

"By installing the world's first levee mount Solar PV systems along the Brar Farm's irrigation levees, Staten Solar reduced the use of valuable, productive crop land by up to 30% vs. traditional solar PV systems. The solar energy system will save the client about $600,000 annually, in electricity bills," said Sandipan Bhanot, CEO and president of Staten Solar.

Image Credit: Public Domain


Related Articles (CSIQ)

View Comments and Join the Discussion!

Posted-In: canadian solar Sandipan Bhanot Shawn Qu Solar PowerNews Contracts Markets Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at