Canadian Solar prepares to rein in production capacity expansion plans

While the Sino-Canadian business expects high polysilicon and shipping costs to be a temporary problem, CEO Shawn Qu has acknowledged the company will have overcapacity in cell and wafer production lines by the end of the year.With the Covid and post-Covid headwinds that have assailed the solar industry having thus far failed to dampen the rush by many manufacturers to expand production capacity, Canadian Solar has hinted it will wind in its expansion plans to reflect a "prudent capital allocation strategy." That was the phrase used by senior VP and chief financial officer Huifeng Chang, quoted ...

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