Canadian Solar Introduces New 320W Polycrystalline Solar Module
Canadian Solar has announced that the company will now be offering its MaxPower polycrystalline module in a new 320W power class. The MaxPower CS6X-320P is a more robust module with higher power efficiency. In addition, when the MaxPower CS6X-320P module is paired with a respective Canadian Solar CSI-23/28/36KTL-CT 3-phase inverter, a stronger, more cost-effective systems solution can be achieved from a single bankable supplier like Canadian Solar.
Along with the 310W and 315W polycrystalline modules, the 320W power class is an innovative addition to the MaxPower line of solar PV modules. Consistent with Canadian Solar's high product quality, this module includes the brand's 25-year linear power output warranty and a 10-year product warranty on materials and workmanship. Furthermore, this new power class gives solar installers and project developers the ability to reduce their overall balance of system costs for small commercial, large commercial, distributed generation, and utility-scale projects.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said, "Canadian Solar's new 320W polycrystalline solar module highlights the company's innovative spirit and dedication to product development. Not only have we been able to achieve one of the highest power classes commercially available, but our ability to offer this module at a competitive price point is a testament to our bankability and reputable position in the industry. We believe that this new product will satisfy consumer demand for a more efficient module, while at the same time give Canadian Solar leverage over other module manufacturers."
Canadian Solar has a strong history of sales and earnings growth. Over the past five years, EPS growth averaged 46.90 percent per year, while sales growth averaged 36.20 percent. The impact of US and EU tariffs on PV panels produced in China will be offset by growth in other markets. The company's diversification into residential solar and the introduction of new products, such as a new battery offering will help fuel future growth.
