A severe tornado has damaged Canadian Solar's solar cell factory in Funing County, Jiangsu Province, China.
The tornado occurred on 23 June 2016 damaged the property and resulted in personal injuries as well, the company said.
The company has shut down the factory temporarily and is assessing the damage suffered.
Canadian Solar’ said it is expecting to recover substantially from the financial losses through insurance coverage. The company’s other manufacturing facilities in China and elsewhere have not been affected.
The manufacturing facility in Funing county is the newer and smaller of the two facilities in China. Canadian Solar expected that the Funing solar factory would produce at least 267MW worth solar modules and would add between 10 to 15% of its total capacity in this quarter.
As Funing facility has now been shut down, its other factories in Suzhou and new cell factory in Thailand will be ramped up and also by buying solar modules from other manufacturers, reach its production targets.
Canadian Solar chairman and CEO Shawn Qu said: "Our thoughts are with the families of Canadian Solar employees and the local residents impacted by the severe weather.
"We have immediately dispatched our internal emergency response team from our other facilities in China to help our employees in Funing and people in the local communities. We are assessing the situation but do not expect it to have a material impact on our business."