Canadian Solar Inc stated it will provide 97 megawatts (MW) of solar power modules to Germany’s GP Joule in its second such handle European clients in as a lot of days.
Solar sector shares fell within the last year on worries that falling subsidies in best markets for example Germany and Italy will lower demand this year and solar panels charges will dive faster than producers expected.
Canadian Solar, which makes photovoltaic solar systems that turn sunlight into electrical energy, mentioned it is going to deliver the modules to GP Joule within this year. The Ontario-based firm stated on Wednesday it’s going to supply one hundred MW of modules to Fire Energy Group.

“This most current agreement will aid Canadian Solar more expand our brand and footprint in Europe, as we leverage the full support of GP Joule, a proven nearby partner in a position to manage significant scale projects,” Canadian Solar Chief Executive Shawn Qu said in a statement.
The business, which has the majority of its manufacturing plants in China, mentioned it has worked with GP Joule since 2009. Canadian Solar shares have fallen about 17 %, year to date. They were up a percent at $10.35 in pre-market trade on Thursday.