Canadian Solar Makes S&P Global Commodity Insights Premier List of Tier 1 Cleantech Companies 2025

Rhea-AI Summary

Canadian Solar (NASDAQ: CSIQ) has achieved dual recognition on S&P Global Commodity Insights' inaugural 2025 Tier 1 Cleantech Companies list, being named both a Tier 1 PV module supplier and a Tier 1 Battery Energy Storage System supplier.

The prestigious classification is based on multiple criteria including market presence, cumulative shipments, market share, manufacturing diversification, financial performance, and sustainability factors. Canadian Solar earned this recognition through its gigawatt-scale shipments, strong financial performance, and commitment to sustainability practices including carbon reduction initiatives.

Positive

• Achieved dual Tier 1 recognition in both PV modules and energy storage systems
• Demonstrates gigawatt-scale production capabilities
• Recognition validates financial and operational strength

Negative

• None.

KITCHENER, ON, Sept. 11, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced it has been named a Tier 1 PV module supplier and a Tier 1 Battery Energy Storage System supplier in the inaugural 2025 Tier 1 Cleantech Companies list released by S&P Global Commodity Insights. This dual recognition places Canadian Solar among the elite global providers excelling in both photovoltaic modules and energy storage solutions.

For its list, S&P Global Commodity Insights draws on its unique cross-functional capabilities to provide for an unmatched degree of criteria dimensions that span market presence and cumulative equipment shipments; annual market share; scale; global manufacturing diversification; financial performance via key financial indicators, sustainability factors and more.

Canadian Solar earned its Tier 1 recognition through gigawatt-scale module and energy storage shipments, strong financial performance, and a clear commitment to sustainability practices such as carbon reduction and circular economy initiatives. These strengths highlight its ability to deliver reliable, sustainable cleantech solutions at scale.

"We believe our new Tier 1 classification list is unique in its transparency," said Edurne Zoco, Ph.D., Executive Director of Research and Analysis, Clean Energy Technology, S&P Global Commodity Insights. "Our Tier 1 list is designed to help cleantech suppliers stand out in a crowded field and aid developers, offtakers and those procuring or financing cleantech equipment and renewable project development in identifying reliable and resilient partners."

"Canadian Solar is proud to be recognized by S&P Global Commodity Insights as a Tier 1 supplier in both modules and energy storage," said Dr. Shawn Qu, Chairman and CEO, Canadian Solar Inc, "This recognition highlights our financial and operational strength, our leadership in sustainable innovation, and our commitment to supporting customers worldwide with reliable, high-quality clean energy solutions."

About S&P Global Commodity Insights Tier 1 Cleantech Companies 2025

The S&P Global Commodity Insights Tier 1 Cleantech Companies 2025 is not a placement ranking, but a roster of qualified companies meeting S&P Global Commodity Insights' robust methodology assessment and listed in alphabetical order by category.  The group of companies considered for the S&P Global Commodity Tier 1 Cleantech Companies assessment are selected from the top 30 companies for each of the four technology categories (solar PV modules, solar PV inverters, energy storage systems, and wind turbines), based on the top shipments or installations globally in the previous year. More information can be found in https://www.spglobal.com/commodity-insights/en/news-research/blog/energy-transition/090925-tier-1-cleantech-companies-pv-wind-turbine-bess#battery-energy-storage-system-suppliers

About Canadian Solar Inc.

Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, 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, Canadian Solar has successfully delivered nearly 165 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 13 GWh of battery energy storage solutions to global markets as of June 30, 2025, boasting a $3 billion contracted backlog as of June 30, 2025. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 27 GWp of solar and 80 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com

Safe Harbor/Forward-Looking Statements

Certain statements in this press release 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 U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar power and battery energy storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to global pandemics; supply chain disruptions; governmental support for the deployment of solar power and battery energy storage; future available supplies of silicon, solar wafers and lithium cells; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as China, the U.S., Europe, Brazil and Japan; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; the pipeline of projects and timelines related to them; the ability of the parties to optimize value of that pipeline; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 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 Canadian Solar undertakes no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT

Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com 

CANADIAN SOLAR INC. MEDIA CONTACT

marketing@csisolar.com 

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SOURCE Canadian Solar Inc.

FAQ

What recognition did Canadian Solar (CSIQ) receive from S&P Global in 2025?

Canadian Solar was named a Tier 1 PV module supplier and a Tier 1 Battery Energy Storage System supplier in S&P Global Commodity Insights' 2025 Tier 1 Cleantech Companies list.

What criteria did S&P Global use to evaluate Canadian Solar for Tier 1 status?

S&P Global evaluated market presence, cumulative shipments, market share, manufacturing diversification, financial performance, and sustainability factors.

How did Canadian Solar qualify for the S&P Global Tier 1 classification?

Canadian Solar qualified through its gigawatt-scale module and energy storage shipments, strong financial performance, and commitment to sustainability practices including carbon reduction initiatives.

What does the S&P Global Tier 1 recognition mean for Canadian Solar's market position?

The recognition places Canadian Solar among the elite global providers in both photovoltaic modules and energy storage solutions, validating their reliability and operational strength in the cleantech industry.