Latest news with #CSISolarCo.
Bloomberg
13-05-2025
- Business
- Bloomberg
Chinese Firms to Invest $1.75 Billion in Ethiopia Mining, Solar
Ethiopia expects five Chinese companies to invest a total of $1.75 billion in the East African nation, mainly in solar-cell manufacturing and mineral exploration, according to Finance Minister Ahmed Shide. Shanghai-listed CSI Solar Co., in which Canadian Solar Inc holds a majority stake, will spend $250 million on a plant producing solar modules and energy-storage products, while Sequoia Mining & Processing Plc plans to invest $600 million in coal exploration.
Bloomberg
29-04-2025
- Business
- Bloomberg
CSI Solar to Relocate Production Capacity Under Tariff Threat
CSI Solar Co., one of China's top solar manufacturers, said it will maximize exports from its Southeast Asian production bases before punitive US tariffs kick in, while also preparing to move capacity to other regions facing lower duties. The affiliate of Nasdaq-listed Canadian Solar Inc. will also 'strive to obtain' tariff exemptions or reductions for certain products, according to a filing to the Shanghai Stock Exchange on Monday. The company faces 'considerable challenges' to its finances and operations due to global trade tensions and a domestic price war that has gouged the Chinese solar industry, it said.
