Owned by founder and chairman Dr. Wang Wenjin, the company was founded in 2009. Wang is a world-renowned solar expert who has been advocating clean energy since the 1980s. He is also the chairman of the Board of Directors and Chief Executive Officer of Canadian Solar.
The company is a joint venture between JA Solar (a subsidiary of JA Solar Holdings Co., Ltd., headquartered in Shanghai, China) and Silicon Module Supervisory Board (SMSB) (a subsidiary of the German industrial conglomerate Siemens).
CanSolar is a joint venture between JA Solar (a subsidiary of JA Solar Holdings Co., Ltd., headquartered in Shanghai, China) and Silicon Module Supervisory Board (SMSB) (a subsidiary of the German industrial conglomerate Siemens). CanSolar is headquartered in Vancouver, BC, Canada.
JA Solar is the world’s top solar module supplier.
Canadian Solar is 100% privately-owned by two Taiwanese businessmen, Dr. Wang Tianlin and Chang Jing. The company was founded in 2005 and has gone on to become the leading solar company in the world.
The company has more than 3,0employees.
In addition to its subsidiaries, Canadian Solar is a wholly-owned subsidiary of the Solar PV Investments Pte. Ltd., a Singapore-based company and investment holding company. The Solar PV Investments Pte. Ltd. is in turn owned by the Solar PV Investment Pte. Ltd. Investment Company.
JA Solar is listed on the New York Stock Exchange and the Shanghai Stock Exchange.
The founder and current majority owner of Canadian Solar is Dr. Wang Tung’s family. He was born in Taiwan and moved to Canada when he was 11 years old to attend high school. He received his Bachelor’s in Electrical Engineering from the University of Waterloo in Canada and later earned a Master’s degree in Business Administration from the University of Toronto.
SMSB is responsible for the supply of solar cells to the modules from which solar panels are made.
As mentioned earlier, the company is headquartered in the Cayman Islands. However, it has a considerable stake held by Chinese investors. In fact, the company is partially owned by Chinese government-affiliated investment groups.
The joint venture allows both companies to have a say in the operations of the company and to share profits.
The company is owned by its two partners, CanSola and ADI. CanSola is a joint venture between Solar Partners and the Abu Dhabi Investment Company (ADIC), the Abu Dhabi government-owned investment fund. ADI is responsible for the management of the company’s day-to-day operations.
The joint venture was established in 20and is based in Ontario, Canada.
The joint venture is owned by a group of investors, including the three partners that established the company. In addition, the partners take turns as the chairman of the board. They each own a share of the company based on the amount of money they contributed.
Conclusion
The top 20 shareholders of Canadian Solar own 62.7% of the company. The remaining 37.3% belongs to the public shareholders. In total, there are more than 2.8 million shares of the company.
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