Chief among these is the forecast that, by 2060, solar power will account for 47% of the world’s electricity generation, increasing five-fold from last year. The report attributes solar’s “meteoric” rise to the shift of the world’s solar manufacturing bases from Europe to China during the 2010s, but that China’s dominance of global PV installations will not continue indefinitely. Indeed, the report expects China’s share of global solar generation capacity to peak next year, account...

The company’s financial performance has improved significantly from the first quarter of this year, when it posted gross profits of just US$140.5 million amid growing uncertainty regarding the viability of importing modules into the US as president Trump has ratcheted up protectionism in US trade policy. This uncertainty particularly affected CSI Solar, Canadian Solar’s manufacturing subsidiary, which posted income from operations of US$1.8 million in the first quarter. In response, Canadian...