Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), today announced that it has recently received from DNV "Canadian Solar HiKu7 and BiHiKu7 Technology Review Report ". DNV concludes in the Report that Canadian Solar's 210-mm cell based HiKu7 and BiHiKu7 modules, with power output up to 670W, are highly reliable, of top quality and with 3% lower LCOE (Levelized Cost of Energy).
Founded in Oslo, Norway in 1864, DNV is a world leading independent third-party expert in product certification, risk management and assurance.
DNV has carried out a comprehensive review of the HiKu7 and BiHiKu7 modules, assessing them on the production process, performance, reliability, and the LCOE analysis.
With module efficiencies of up to 21.6%, A+ factory rating, and exceptional performance and durability testing results, DNV recommends a useful life assumption of 35 to 45 years in financial modeling for projects using Canadian Solar BiHiKu7 modules.
Dr. Shawn Qu, Chairman and CEO of Canadian Solar, remarked, "I am glad our HiKu7 and BiHiKu7 modules are appraised by DNV independently on product reliability, LCOE and manufacturing quality. The results verify Canadian Solar's advanced module technologies and strict quality control system. We are committed to providing the best performance/price ratio products to our customers around the world."
Source: Canadian Solar
Date: May 10, 2022
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