On September 25, Canadian Solar Power Group Co., Ltd. had an industrial and commercial change. According to the company's APP, there were 12 shareholders including BYD (002594), the new shareholder of the company.
In addition to BYD, the remaining 11 new shareholders are Beta Metric Limited, Xiamen Zhongjin Ying run Equity Investment Fund Partnership (Limited Partnership), Shenzhen Chuangqi Kaiying Business Consulting Partnership (Limited Partnership) ), Suzhou Qingshan Boshi Enterprise Management Center (Limited Partnership), Chunshan Pujiang (Shanghai) Investment Management Co., Ltd., Wuxi Yuanhe Zhongyuan Youneng Venture Capital Partnership (Limited Partnership), Nanjing Huashan Ruisi Enterprise Consulting Partnership ( Limited partnership), Suzhou Huilin Venture Capital Partnership (Limited Partnership), BEST SELL INC LIMITED, Clean World Limited, Sunshine HK SPV Limited.
Canadian Solar’s second quarterly report showed that module shipments amounted to 2.9 GW, an increase of 31% from the previous quarter; it exceeded the original shipment expectation by 2.5 GW to 2.7 GW; and the sales volume was US$696 million (approximately RMB 4.844 billion), exceeding the original sales Estimated amount of 630 million-680 million U.S. dollars; gross profit margin of 21.2%, exceeding the original gross profit margin of 18.5%-20.5%; expected to ship 11 GW-12 GW in 2020, expected to ship 18 GW-20 GW in 2021 watt.
Canadian Solar is one of the world’s largest and one of the largest utility-scale solar power plant project developers with the largest reserve of power station projects. It has good traceability of public utility-scale solar power station development performance on six continents. It has accumulated development, financing, construction, operation, The total number of grid-connected solar power stations exceeds 5.6 GW, and the total number of solar power stations and project reserves in the late stage of project development worldwide exceeds 15.1 GW.
With the continuous decline in the cost of battery energy storage systems, the increase in capacity requirements, and the retirement of coal-fired power plants, solar + energy storage projects will usher in major development opportunities. Canadian Solar plans to further expand its business deployment in the solar + energy storage market.
At the Energy Storage International Summit and Exhibition held at the end of August this year, Yin Shaowen, general manager of BYD's energy storage business, said that BYD will actively participate in the development of the domestic market with brand-new products, and at the same time open the energy storage business platform with domestic and foreign partners. And share.
BYD began independent research and development and production of batteries as early as 1995 when it was established. It ranks first in the field of nickel-cadmium batteries in China and ranks first in the global battery industry. After confirming the transition to electric vehicle manufacturing, BYD vigorously developed lithium iron phosphate batteries and launched a pure electric concept car-ET in the second year of the establishment of the automobile brand. In 2009, the company formulated a "ferrosilicon strategy" (three product lines of solar power generation, energy storage power stations, and new energy vehicles) to further extend the application of battery core competitiveness.
BYD Solar is an important layout of BYD Group in the field of new energy, and it has built BYD’s green dream together with energy storage power stations and electric vehicles. BYD Solar was formally established in 2008. After more than ten years of development, it has formed a complete photovoltaic industry chain for silicon ingot casting, silicon wafer processing, cell manufacturing, and photovoltaic module manufacturing, and established a BYD solar module factory in Brazil.
From 2016 to 2018, BYD built a 200MW liquid silicone double glass module production line in Brazil and built the world's largest 300MW monomer liquid silicone double glass module production line.