Canadian Solar making substantial manufacturing capacity expansion in 2016

Canadian Solar said in an earnings call today that to meet “expected strong growth in global demand for solar modules in the quarters ahead”, it would increase in-house wafer production from 400MW to 1GW by mid-2016, while solar cell capacity would be expanded from 2.5GW currently to 3.4GW by the end of 2016, a 900MW increase.

However, the biggest capacity increase is PV module production which will be expanded from 4.33GW, which the company expects to achieved by the end of 2015, to 5.63GW by the end of 2016, a 1GW increase.