{"id":1745,"date":"2025-12-04T10:00:00","date_gmt":"2025-12-04T01:00:00","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=1745"},"modified":"2025-12-04T12:13:44","modified_gmt":"2025-12-04T03:13:44","slug":"canadian-solar-to-resume-direct-oversight-of-u-s-manufacturing-and-operations","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2025\/1745.html","title":{"rendered":"Canadian Solar to Resume Direct Oversight of U.S. Manufacturing and Operations"},"content":{"rendered":"\n

KITCHENER, ON,\u00a0Dec. 1, 2025\u00a0\/PRNewswire\/ —\u00a0Canadian Solar Inc.<\/a>\u00a0(“Canadian Solar” or the “Company”) (NASDAQ: CSIQ) today announced a strategic initiative to resume direct oversight of its\u00a0U.S.\u00a0operations and to continue reshoring manufacturing to\u00a0North America. The Company will form new joint ventures with American shareholders and its majority-owned subsidiary,\u00a0CSI Solar Co., Ltd.\u00a0(“CSI Solar”).

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Canadian Solar, headquartered in\u00a0Kitchener,\u00a0Canada, will hold a 75.1% controlling stake in CS PowerTech, which will operate\u00a0U.S.-based manufacturing and sales of solar modules, solar cells, and advanced energy storage systems. Additionally,\u00a0Canadian Solar\u00a0will acquire from\u00a0CSI Solar, at fair market value based on third-party appraisal, 75.1% ownership of certain overseas facilities that support\u00a0U.S.\u00a0operations. The total consideration for these assets is approximately\u00a0$50 million, subject to a one-time value adjustment to reflect changes in net asset value between the valuation baseline date and the closing date. Looking ahead, as part of its broader North American reshoring strategy,\u00a0Canadian Solar\u00a0will leverage its 24 years of global manufacturing expertise to launch additional joint ventures to partner with American companies in the solar, storage, and power industries.

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Launching CS PowerTech and resuming manufacturing directly under the publicly traded parent company reflects\u00a0Canadian Solar’s\u00a0commitment to its North American homebase and to building a resilient, transparent, and diversified domestic supply chain. This initiative will not only create thousands of high-quality American manufacturing jobs but also bring investment and affordable clean energy benefits to communities across the country.

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The proposed adjustments constitute a related-party transaction, remain subject to the Company’s board approval and\u00a0CSI Solar\u00a0minority shareholder approval, and may be adjusted based on forthcoming regulatory guidance and other\u00a0considerations.

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About Canadian Solar Inc.<\/strong><\/p>\n\n\n\n

Canadian Solar\u00a0is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in\u00a0Kitchener,\u00a0Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years,\u00a0Canadian Solar\u00a0has successfully delivered nearly 170 GW of\u00a0premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE,\u00a0Canadian Solar\u00a0has shipped over 16\u00a0GWh\u00a0of\u00a0battery energy storage solutions to global markets as of\u00a0September 30, 2025, boasting a\u00a0$3.1\u00a0billion contracted backlog as of\u00a0October 31, 2025. Since entering the project development business in 2010,\u00a0Canadian Solar\u00a0has developed, built, and connected approximately 12\u00a0GWp of solar power projects and 6\u00a0GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 25\u00a0GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar\u00a0is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006.\u00a0For additional information about the Company, follow\u00a0Canadian Solar\u00a0on\u00a0LinkedIn\u00a0<\/a>or visit\u00a0www.canadiansolar.com<\/a>.

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Safe Harbor\/Forward-Looking Statements<\/strong><\/p>\n\n\n\n

Certain statements in this press release, including those regarding the Company’s expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the\u00a0U.S.\u00a0Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “may”, “will”, “expect”, “anticipate”, “future”, “ongoing”, “continue”, “intend”, “plan”, “potential”, “prospect”, “guidance”, “believe”, “estimate”, “is\/are likely to” or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on\u00a0April 30, 2025. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and\u00a0Canadian Solar\u00a0undertakes no duty to update such information, except as required under applicable law.

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Canadian Solar Inc. Investor Relations Contact<\/strong><\/p>\n\n\n\n

Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KITCHENER, ON,\u00a0Dec. 1, 2025\u00a0\/PRNewswire\/ —\u00a0Canadian Solar Inc.\u00a0(“Canadian Solar” or the &#82 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1745","post","type-post","status-publish","format-standard","hentry","category-releases"],"_links":{"self":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/comments?post=1745"}],"version-history":[{"count":1,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1745\/revisions"}],"predecessor-version":[{"id":1746,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1745\/revisions\/1746"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=1745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=1745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=1745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}