The yieldco is expected to be launched in late 2015 or early 2016, chief financial officer Michael Potter told investors in a conference call on Thursday.
In recent years, Canadian Solar has made a highly successful pivot from pure manufacturing into downstream development.
The company has been toying with the idea of a yieldco for a while now, but the decision appears to have been sealed by its recent announcement that it will buy US developer Recurrent Energy from Japan’s Sharp for $265m.
Canadian
