Canadian Solar Supplying 12.6 Megawatts to Plant in Turkey

Canadian Solar Inc. (CSIQ), the third-best-performing solar maker in the past year, agreed to supply 12.6 megawatts of modules for a project in Turkey.

The solar farm in the Kayseri Organized Industry Zone is a joint project of yarn maker Besler Tekstil Sanayi VE Ticaret AS and Hascelik ve Halat Sanaya Ticaret AS, a steel and aluminum manufacturer, Guelph, Ontario-based Canadian Solar said today in a statement. Terms weren’t disclosed.

This is Canadian Solar’s largest order in that country and the second from these buyers as “we are expanding our presence and solidifying our competitive position in Turkey,” Chief Executive Officer Shawn Qu said in the statement.

Canadian Solar has almost tripled over the past 12 months, trailing only JinkoSolar Holding Co. and SunEdison Inc. in the 17-member Bloomberg Industries Global Large Solar Energy Index. The stock gained 4.9 percent to $31.26 at the close in New York today.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Robin Saponar, Carlos Caminada

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.