Overview
- Canadian Solar will hold a 75.1% controlling stake in CS PowerTech, a joint venture with American shareholders and its majority-owned subsidiary CSI Solar.
- CS PowerTech will handle U.S. manufacturing and sales of solar modules, solar cells, and advanced battery energy storage systems.
- Canadian Solar will acquire 75.1% of certain overseas facilities that support U.S. operations for about $50 million at third‑party‑appraised fair value, with a one‑time adjustment at closing.
- The proposed adjustments constitute a related‑party transaction that require board approval and CSI Solar minority shareholder approval, and terms may shift based on regulatory guidance.
- The company did not name the American shareholders or detail the integration timeline, and outside reporting treats the inclusion of Texas, Indiana, and Kentucky sites as an assumption rather than a confirmed plan.