Canadian Solar's planned Texas plant wins large module order from EDF (NASDAQ:CSIQ)

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Canadian Solar (NASDAQ:CSIQ) +1.7% in Wednesday's trading after announcing an agreement to supply up to 7 GW of solar modules to EDF Renewables for projects in the U.S. from its planned $250M factory in Mesquite, Texas.

The deal is believed the largest for modules in the U.S. by a single company since President Biden took office in January 2021.

Under the deal terms, Canadian Solar (CSIQ) will supply its latest high-efficiency N-Type TOPCon solar modules to support EDF Renewables' project pipeline in the U.S. during 2024-30.

Once fully ramped up, the factory is expected to produce 5 GW annually and begin production in Q4 2023.

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