CSI Solar has announced plans to expand its solar and battery storage manufacturing capacity in China, through an investment agreement with the municipal government of Yangzhou City in Jiangsu Province.
The company – a subsidiary of Solar Module Super League (SMSL) member Canadian Solar – said that it plans to add vertically integrated high efficiency wafer, cell, module and battery storage production capacity under the agreement, to be deployed in three phases.
The first phase, expected to begin production in the second half of this year, will add 14GW of annual wafer and cell production capacity. Canadian Solar said that the second and third phases of the agreement are subject to change and offered no construction or completion timeline.
Canadian Solar said that it now foresees ending 2023 with 20GW of ingot, 35GW of wafer, and 50GW of cell and module capacity in light of this announcement.
[Will Norman]
More: Canadian Solar to add 14GW of wafer and cell manufacturing capacity in China