Bloomberg News

Canadian Solar Invests in Strata Solar’s North Carolina Projects

February 25, 2013

Canadian Solar Inc. (CSIQ:US), the third- largest solar-panel maker, invested in 15 solar-energy projects in North Carolina that are expected to be completed by the end of this year.

The portfolio will total 85 megawatts of generating capacity, mainly consisting of 6-megawatt systems, Canadian Solar said today in a statement. The first project will be completed in February, a 6.4-megawatt system in Wake County named Fuquay Farm. Terms of the investment and project costs weren’t disclosed.

Canadian Solar will supply all of the modules needed, David Pasquale, a spokesman, said today by telephone.

Canadian Solar, based in Guelph, Ontario, makes its photovoltaic products in China. The projects are being developed jointly with Strata Solar LLC, a closely held company based in Chapel Hill, North Carolina.

Strata said Feb. 11 that it plans to complete a 100- megawatt solar farm in North Carolina next year, which would be the largest on the U.S. East Coast.

Suntech Power Holdings Co. and First Solar Inc. (FSLR:US) are the two largest solar-panel makers by module capacity.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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Companies Mentioned

  • CSIQ
    (Canadian Solar Inc)
    • $23.1 USD
    • 0.28
    • 1.21%
  • FSLR
    (First Solar Inc)
    • $44.22 USD
    • 0.55
    • 1.24%
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