Dr. Shawn Qu, Chairman, President and Chief Executive Officer founded Canadian Solar (NASDAQ: CSIQ) in 2001 in Canada, with a bold mission: to foster sustainable development and to create a better and cleaner earth for future generations by bringing electricity powered by the sun to millions of people worldwide. Under Dr. Qu’s leadership, we have grown into one of the world’s largest solar photovoltaic products and energy solutions providers, as well as one of the largest solar power plant developers globally. We have cumulatively delivered over 55 GW of solar modules to thousands of customers in more than 150 countries, enough to meet the clean, green energy needs of approximately 14 million households. We have more than 14,000 dedicated employees to strive each day to make this mission a reality. Customers choose us because we deliver the best-possible value. Our modules and system solutions combine superior quality with market-leading cost structures. And our solar projects consistently achieve the highest production values and returns on investment. We currently have more than 20 GW of solar projects and over 17 GWh of storage projects in our pipeline, and are uniquely positioned to provide project development and complete turnkey solar solutions. By bundling services for the entire project life cycle—feasibility study, permitting, developing, engineering, procurement, construction, and maintenance—we can significantly reduce complexity and cost for industrial and commercial customers. In 2020, we raised $260 million capital for the planned Company's MSS business' carve-out IPO and completed a $230 million convertible bond issuance. It will provide us with quick expanding our manufacturing capacity together with the most advanced technologies for supporting our target from 18GW to 20GW of shipments in 2021.
