Sep 12, 2023
Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), today announced it has recently received the "Canadian Solar TOPCon Technology Review Report" ("Report") from DNV, an esteemed independent third-party expert in product certification, risk management, and assurance. DNV was founded in Oslo, Norway in 1864.
In this comprehensive technology review, DNV evaluated Canadian Solar's TOPCon 210 mm and 182 mm cell-based TOPBiHiKu6 and TOPBiHiKu7 bifacial modules. These modules, boasting a front side power output of up to 700W, have been considered by DNV to demonstrate high durability and quality. Having reviewed the Canadian Solar Levelized Cost of Energy (LCOE) model, DNV concurs with the 3.2% reduction in LCOE, reinforcing the economic viability of Canadian Solar's advanced technology.
DNV's Report reviews module performance, reliability, mounting systems compatibility, field data, and an LCOE assessment. In this context:
Forecasts by Product (Single Axis, Dual Axis), by Application (Utility, Residential, Commercial) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern AnalysisDownload free sample pages
Dr. Shawn Qu, Chairman and CEO of Canadian Solar, expressed his satisfaction, stating, "The independent recognition of our TOPCon modules by DNV, spanning product performance, reliability, LCOE, and manufacturing quality, is a source of pride. These results underscore Canadian Solar's technological prowess and stringent quality controls. Our commitment to delivering peak performance products to our global customers is unwavering."
Canadian Solar started delivering TOPCon modules in the first quarter of 2023 and is expected to have an annual TOPCon cell manufacturing capacity of around 30 GW by the end of 2023.