Canadian Solar, Inc.
) in collaboration with Strata Solar has completed the
construction of two utility-scale solar power projects, with the
third project to be completed very soon.
CANADIAN SOLAR (CSIQ): Free Stock Analysis
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Located in North Carolina, these projects, namely, Lenoir 1,
Lenoir 2 and Wilson 1 have electricity generation capacity of 18
megawatt (MW). These plants are a part of a 15-project portfolio
expected to come online by 2013 end. Together these projects will
have an electric generation capacity of 85 MW.
The three projects have used 40,608 Canadian Solar CS6P-P 245 and
19,896 CS6P-P 250 watt solar modules. Post completion, these
plants will be able to power 2,500 homes and will allow the state
to get rid of 13,250 metric tons of CO2 per year, which is
equivalent to eradicating 3,944 cars from the road.
Strata Solar LLC is a leading provider of complete solar energy
systems and installations in the U.S. It provides a full array of
engineering, procurement and construction services. Strata Solar
projects in North Carolina bring employment opportunities to the
state and provide clean, sustainable energy.
The strategic partnership between Strata Solar and Canadian Solar
will help in delivering more clean energy, thereby fulfilling
environmental responsibility. Recently, Strata Solar and Canadian
Solar's Fuquay Farm, located in Middle Creek, Willow Springs in
Wake County, North Carolina was connected to the grid in Mar
Canadian Solar is not the only solar company tying up with Strata
Solar. In April this year,
) agreed to provide 300 watt high-efficiency Virtus II 72-cell
polycrystalline solar modules to Strata Solar, LLC. Strata Solar
will utilize the modules in five 6.5 MW solar farms in North
Carolina. More than 108,000 ReneSola modules will be utilized in
the five solar farms with each farm using 21,677 modules
However, Canadian Solar's crystalline silicon solar module
product line is more diversified compared to its peers with
modules made of medium power, low-cost upgraded
metallurgical-grade silicon, or UMG-Si, as well as high
efficiency, high power output mono-crystalline modules and a
range of specialty products. The prospects for Canadian Solar
look favorable based on a geographically-diverse customer base
and improving operating efficiencies through its
vertically-integrated manufacturing operation.
Among the stocks worth considering in the solar space are
JinkoSolar Holding Co., Ltd.
), both with a Zacks Rank #2 (Buy).