Canadian Solar Inc. reports developments across solar photovoltaic manufacturing, battery energy storage and utility-scale renewable power projects. The company operates through a Manufacturing segment that includes CS PowerTech for U.S. solar modules, battery storage products and other power technology products, and CSI Solar for other global markets.
Recurring CSIQ news includes quarterly and annual results, Form 20-F reporting, convertible-note financing, intellectual-property matters involving TOPCon solar cell technology, and project activity at its Recurrent Energy and e-STORAGE businesses. Updates also cover utility-scale battery storage system supply agreements, solar and storage project sales, power services and operating-portfolio revenue.
Canadian Solar (CSIQ) subsidiary Recurrent Energy has started commercial operations at its 200 MWp Villameca solar project in Spain. Located in Castilla y León, the plant is expected to generate approximately 359,172 MWh annually.
Recurrent Energy expects operational solar capacity in Spain to reach approximately 1 GW by year-end, including the recently inaugurated 426 MWp Rey Solar project and the 315 MWp Tordesillas project, expected to connect later this year. Villameca is also expected to be combined with battery energy storage systems.
Canadian Solar (CSIQ) announced an agreement for its e-STORAGE business to supply and commission a 200 MWh battery system for OX2.
The system will provide 100 MW of power capacity at OX2's Muswellbrook Solar Farm and Battery in New South Wales, Australia. Shipments are scheduled to begin in Q3 2027, with commercial operation targeted for Q3 2028. Canadian Solar will manufacture the battery cells and SolBank system in-house. e-STORAGE will handle grid connection studies, supply controls coordinating the battery with the solar farm, and lead integration and commissioning. A 20-year long-term service agreement backs the arrangement.
Canadian Solar (CSIQ), through its subsidiary Recurrent Energy, has obtained ISO 14001:2015 certification from TÜV Rheinland for the Environmental Management System of its operations and maintenance (O&M) division.
The certification confirms that Recurrent Energy’s global O&M services for solar and energy storage assets follow internationally recognized environmental management standards. It completes a portfolio of three ISO certifications (ISO 14001, ISO 45001 and ISO 9001). Recurrent Energy provides O&M services for nearly 15 GW of contracted projects across nine countries, supported by more than 500 employees.
Canadian Solar (NASDAQ: CSIQ) reported Q2 2026 net revenue of $1.2 billion, up 12% quarter-over-quarter but down 29% year-over-year, with gross margin of 13.9%, within guidance. Solar module shipments recognized as revenue were 3.1 GW, up 25% qoq and down 60% yoy, while battery energy storage shipments reached 3.7 GWh, up 82% qoq and 73% yoy.
According to Canadian Solar, GAAP net loss attributable to shareholders was $77 million, or $1.40 per share. Operating cash flow was an outflow of $181 million, and total debt rose to $7.1 billion, mainly from new non-recourse project financing. The company advanced its U.S. manufacturing strategy, opening Phase I of its 2.1 GWp HJT solar cell plant in Indiana, continued expanding its Texas module factory toward 10 GWp, and reported a $3.5 billion e-STORAGE contracted backlog plus solar and storage development pipelines of 21.7 GWp and 84.1 GWh, respectively. Q3 2026 revenue is guided to $1.3–$1.5 billion with gross margin of 13.5%–15.5%.
Canadian Solar (NASDAQ: CSIQ) announced that the remaining U.S. patent proceeding brought by Maxeon Solar has been resolved in Canadian Solar's favor. Maxeon's patent infringement suit in Federal District Court was dismissed with prejudice, and the U.S. Court of Appeals for the Federal Circuit vacated the relevant portion of a prior PTAB decision.
The case arose from a March 2024 lawsuit over three TOPCon solar cell patents. In January 2026 Final Written Decisions, the PTAB found all Maxeon patent claims asserted against Canadian Solar invalid. According to Canadian Solar, the outcome clarifies its non-infringement position and supports continued competition based on its technology and manufacturing platform.
Canadian Solar (NASDAQ: CSIQ) announced that its e-STORAGE business has successfully completed Large-Scale Fire Testing (LSFT) of the KuBank 3.0 C&I energy storage system under the latest UL 9540A:2026 standard, and reports it is the industry's first to pass this test.
KuBank 3.0 provides up to 940 kWh per liquid-cooled cabinet using 314 Ah LFP cells, with multi-voltage support and integrated safety features. The four-hour fire test on a fully charged system, with suppression disabled, showed no explosion or fire propagation and was independently verified by TÜV Rheinland and ESRG. KuBank 3.0 is in mass production and available globally.
Canadian Solar (NASDAQ: CSIQ), through its subsidiary Recurrent Energy, closed $695 million in project financing and tax equity for the 330 MW Cobalt Solar project in Riverside County, California, located about 20 miles west of Blythe. The project is fully permitted, under construction, and targeted to reach commercial operation by the end of 2027.
The financing includes approximately $484 million in debt led by MUFG and Nord/LB, comprising construction and term loans, a tax equity bridge loan, and a letter of credit facility, plus a $211 million tax equity investment from Wells Fargo. Cobalt Solar is expected to generate enough electricity to power about 82,000 homes per year and deliver roughly $14 million in property tax revenues to Riverside County over its life, according to the company.
Canadian Solar (NASDAQ: CSIQ), through its subsidiary Recurrent Energy, has brought the 150 MWac Carwarp Energy Park near Mildura, Victoria, to commercial operation under a long-term power purchase agreement with Microsoft. The solar plant is connected to the National Electricity Market via the 220 kV Victorian transmission network and has planning and grid approvals for an additional 120 MW battery energy storage system.
The facility uses about 243,000 Canadian Solar TOPCon modules and is expected to generate around 405 GWh of electricity annually, enough to power approximately 65,000 Australian households and avoid about 227,000 tonnes of CO₂ emissions per year. Construction supported roughly 300 jobs, and a dedicated community fund administered by Groundswell Giving and FRRR will back community-led climate and environmental initiatives, including those led by First Nations communities.
Canadian Solar (NASDAQ: CSIQ) will hold a conference call on Thursday, August 27, 2026 at 8:00 a.m. U.S. Eastern Time to discuss its second quarter 2026 results and business outlook. Investors can join via live audio dial-in at +1-877-704-4453 (U.S. toll-free) or +1-201-389-0920 (international), using conference ID 13762069, or through a webcast on the investor relations section of Canadian Solar's website.
A telephone replay will be available until 11:00 p.m. U.S. Eastern Time on September 10, 2026 at +1-844-512-2921 (U.S. toll-free) or +1-412-317-6671 (international), with replay PIN 13762069, alongside a webcast replay. Canadian Solar also highlights its global solar module deliveries of nearly 177 GW, over 20 GWh of battery storage shipments through e-STORAGE, and a $3.5 billion contracted storage backlog.
Canadian Solar (NASDAQ: CSIQ) announced that its U.S.-manufactured TOPCon and HJT Low Carbon HP modules have achieved FM Approvals recognition under standards FM 4478 and FM 4480, becoming the first PV modules listed as identified components for severe hail zones.
The modules passed extensive hail damage, design qualification, and safety qualification tests based on ANSI/FM, IEC/EN 61215, IEC/EN 61730-2, and ANSI/UL 61730. According to Canadian Solar, this recognition validates the modules’ severe hail resilience, aims to support project insurability and bankability, and is intended to help protect revenue streams and long-term plant performance in hail-prone, climate-challenged markets.