Canadian Solar had suspended its expansion plans due to the economic downturn but the market was now warming up, Shawn Qu told.
We expect the demand to show an obvious pick-up in the second half of the year, said Qu. Shipments in the second quarter are set to at least double from the first quarter, and the third quarter will be even better.
We were producing a little short of full capacity for cell and module in the first and second quarters, therefore we need to hire more hands to make full use of the capacities, said Qu.
An application has been submitted by the company for a number of projects to be considered for the subsidy and it plans to submit more projects in the next batch in August 2009.
The government has not announced approvals on the projects submitted in the first batch, and it’s hard to forecast when such projects would start to contribute to the company’s performance, Qu said.