Canadian Solar Forms Joint Venture to Boost U.S. Solar Manufacturing
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Canadian Solar Inc. plans to form joint ventures with American shareholders and its subsidiary, CSI Solar Co., Ltd., to manage U.S. manufacturing and sales of solar modules, cells, and energy storage systems. The company will hold a 75.1% stake in CS PowerTech and acquire overseas facilities for $50 million. This initiative aims to build a resilient domestic supply chain, create American jobs, and expand clean energy investments in the U.S.
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