That was a 142% year-over-year increase. E-Storage shipped 2.6GWh in total, but that included 500MW delivered to an internal company project. From the remaining 2.1GWh it earned US$383 million.
The storage subsidiary’s contracted backlog stood at US$3.5 billion as of the end of the quarter, while it has 34GWh of operating projects contracted under long-term service agreements (LTSAs).
E-Storage president steps up as CEO to replace Shawn Qu
On last week’s call, Canadian Solar founder Dr Shawn Qu introduced his successor as CEO, Colin Parkin. Parkin was formerly president of the company and more recently president of E-Storage, where, Qu said, he was “pivotal in establishing our first-mover advantage in the energy storage sector.”
Dr Qu becomes Canadian Solar’s executive chairman and chief technology officer (CTO), focusing on its technology roadmap and long-term R&D strategy.
