Canadian solar PV manufacturer Canadian Solar has entered into a long-term product supply agreement with American solar energy company Vivint Solar.
Canadian Solar is one of the world’s leading solar power companies, and despite recent slips in shipping numbers, the company was one of those that won out in the recent Brazil solar power auction. Announced Thursday, Canadian Solar followed up this news with the news that it had entered into a long-term product supply agreement with Vivint Solar, one of North America’s leading distributed residential and commercial solar energy providers.
“As North America’s largest module manufacturer, we take pride in significantly growing this relationship with Vivint Solar to supply our innovative and cost-effective panels to residential and consumer customers in the United States,” said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. “In line with Canadian Solar’s corporate vision, this agreement will make solar more affordable for all homeowners.”
This new agreement will provide Canadian Solar a new means by which to reach market segments throughout the United States, as well as expand its own consumer base.
“Vivint Solar is pleased to add Canadian Solar as one of our key module suppliers,” said Jan Newman, Senior Vice President of Business Development at Vivint Solar. “This new, strategic relationship will allow us to provide solar power to new residential and commercial customers in various markets.”