Achieving a record year, Canadian Solar nearly doubled revenue and increased net profit five-fold in 2014. Reporting its fourth-quarter and full-year financial results on Thursday, the Ontario-based group said its success in monetizing its global project pipeline had strengthened its balance sheet and allowed the company to secure new projects. Canadian Solar's achieved $2.96 billion in annual revenue compared to $1.65 billion in 2013. The company made $243.9 million in net profit, up from $45.6 million in 2013. The group shipped 3,105 MW of solar modules in 2014, with 2,813 MW recognized in revenue compared to 1.9 GW recognized in revenue in 2013. During the year, it delivered a total of 454 MW of system kits and utility-scale solar power plants to all of its key markets. Fourth-quarter revenue reached $956.2 million, up 84.1% from $519.5 million the previous year. The company earned a fourth-quarter net profit of $76.2 million - more than ...Den vollständigen Artikel lesen ...