In a conference call, chief executive Shawn Qu noted that demand in China during the first quarter was significantly weaker than expected – a theme echoed earlier this week by Hanwha SolarOne.
Qu expects demand of at least 11GW-12GW in China this year, although “the possibility” of the country reaching its 14GW target remains in play.
Qu also acknowledged that permitting for projects in Japan – which Canadian Solar has identified as a key future downstream market – has come slower than expected.
