Japan shines for Canadian Solar

Canadian Solar chief executive Shawn Qu

Canadian Solar chief executive Shawn Qu

Japan accounted for a quarter of shipments by Canadian Solar in the first quarter of 2013, reflecting the growing importance of the country to international PV manufacturers.

Canadian Solar said module shipments to the Asian nation in the January-March period were 76% up on the final quarter of 2012.

Japan swallowed 24.5% of the total 340MW of shipments the company notched up in the quarter – a figure that came in ahead of the company’s original guidance range of 290MW to 310MW.

It expects to shift between 380MW and 420MW in the current second quarter – with Japan accounting for 35%-40% of that total.

Japan offers Canadian Solar and its rivals a welcome growth market amid the tightening incentives and trade disputes seen elsewhere.

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