Canadian Solar (CSIQ) Pushes Further Into Korean Market With Topinfrasolar 5MW Deal

Canadian Solar (CSIQ) announced this morning that it signed a new sales agreement with Korean systems integrator, Topinfrasolar which expands their current agreement by 5MW.  The contract calls for deliveries of both regular and e-Modules for Korean installations this year, expanding upon the initial 3MW relationship that began earlier this year.

Dr Shawn Qu, Chairman and CEO said: “Topinfrasolar is a leading systems integrator in Korea with an excellent market reputation and particular strength in the commercial solar power plant market. The expansion of our collaboration with Topinfrasolar demonstrates our success of winning recurring orders from key customers with our premier high quality products and services.The combination of Canadian Solar high-performance modules with Topinfrasolar’s system designs provides solar investors with one-stop shopping solutions in the Korean market. “

With strength in China stocks, strength in solar stocks and this news today at its back, CSIQ added to last weeks breakout move vaulting more than 30% with very heavy volume. 

Leave a Reply

Your email address will not be published. Required fields are marked *