Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home News

Canadian Solar Subsidiary CSI Solar Submitted Application

Urja Daily by Urja Daily
June 28, 2021
in News, Solar
Reading Time: 2 mins read
0
Canadian Solar
Share on FacebookShare on TwitterShare on Linkedin

GUELPH – Canadian Solar Inc. (“Canadian Solar”) announced that its majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”) has submitted the application documents for its potential initial public offering (“IPO”) and listing on the Science and Technology Innovation Board (the “STAR” Market) of the Shanghai Stock Exchange. The documents have been received by the Shanghai Stock Exchange.

In July 2020, Canadian Solar announced its plan to publicly list the shares of its CSI Solar subsidiary, formerly mainly the Module and System Solutions and the China Energy business, on China’s stock market. The Company has chosen the STAR Market for the listing as it is intended to support technology and innovative companies in China.

RELATED POSTS

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

COMAU Unveils Innovative N-WG Welding Gun at Automatica 2025

According to CSI Solar’s relevant initial public offering documents, it plans to issue up to 541,058,824 shares, excluding shares issuable upon the exercise of an over-allotment option, which will account for no less than 15% of its total share capital after the IPO. Currently, Canadian Solar owns approximately 80% of CSI Solar’s shares, which includes approximately 5% of shares issued under CSI Solar’s employee stock ownership plan (“ESOP”) that will become effective immediately upon the completion of the IPO. Immediately following the IPO and by giving effect to the ownership transfer of the ESOP shares and the dilution effect from the shares newly issued for the IPO, Canadian Solar expects to hold approximately 64% of CSI Solar’s shares.

The proceeds of the offering, which are subject to the actual size and pricing of the offering, will be used to strengthen CSI Solar and the Company’s market leadership position by investing in capacity expansion across the solar value chain, research and development, and additional working capital for CSI Solar.

The completion of the proposed CSI Solar IPO is subject to the review process by the Shanghai Stock Exchange and the registration process by the China Securities Regulatory Commission. CSI Solar’s IPO prospectus can be publicly accessed on the Shanghai Stock Exchange.

Whether the Company can successfully complete the listing of CSI Solar’s shares, the related timeline, actual size and pricing of the offering depend on various factors, including but not limited to, capital market conditions in China and globally, the regulatory environment for the listed securities, the Company’s financial performance and ability to fulfill the listing requirements in China.

Tags: Canadian SolarCSI SolarinnovationOfferingpublicScienceShanghai Stock ExchangeSTAR MarketsubsidiaryTechnology
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

World Bank

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

by Palak
June 28, 2025
0

The World Bank has signed a memorandum of understanding with the International Atomic Energy Agency (IAEA) to advance the safe...

COMAU N-WG Welding Gun

COMAU Unveils Innovative N-WG Welding Gun at Automatica 2025

by Palak
June 27, 2025
0

Comau’s patented, modular solution is designed to reduce total cost of ownership through improved efficiency and lower operating costs The...

Meta

Meta Signs EAPAs with Adapture Renewables for 360 MW Solar Project in Texas

by Palak
June 27, 2025
0

Adapture Renewables has executed two environmental attributes purchase agreements (EAPAs) with Meta. The agreements total 360 MW across two solar...

JSW Energy

JSW Energy Inks PPA with NHPC for 300 MW Solar-Wind Hybrid Project

by Palak
June 27, 2025
0

JSW Energy Limited, through it’s subsidiary Energizent Power Private Limited has signed a power purchase agreement (PPA) with NHPC Limited...

JSW Ventures

StayVista Raises Over INR 40 Cr in Funding Round Led by JSW Ventures

by Palak
June 27, 2025
0

Mumbai (India) : StayVista has raised over INR 40 Cr in Series B funding, led by JSW Ventures, with participation...

Next Post
Maxeon Solar

Maxeon Solar Provide Headquarter To Betty Barclay

Valuates Reports

Zinc-air Batteries Market To Reach USD 534.2 Million

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

THDC

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

June 28, 2025
World Bank

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

June 28, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

Toyota Kirloskar Motor Partners with Ohmium to Advance Green Hydrogen Solutions in India

NSE Waives Transaction Charges on Electricity Futures Until December 2025

COMAU Unveils Innovative N-WG Welding Gun at Automatica 2025

An Exclusive Interview with Rachna Kango | Delta Electronics India Private Limited

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved