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RELATED PARTY BALANCES AND TRANSACTIONS
 12 Months Ended
Dec. 31, 2024
RELATED PARTY BALANCES AND TRANSACTIONS  
RELATED PARTY BALANCES AND TRANSACTIONS

19. RELATED PARTY BALANCES AND TRANSACTIONS

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Related party balances

As of December 31, 2023 and 2024, current amounts due from related parties amounted to $40,582 and $5,220, respectively, and non-current amounts due from related parties amounted to $32,313 and $75,215, respectively. These primarily relate to receivables from the Company’s 49% owned affiliates in Mexico. As of December 31, 2023 and 2024, current and non-current amounts due from Horus Solar S.A. De Capital Variable were $33,664 and $34,742, respectively, and from Recursos Solares PV De México II S.A. De Capital Variable were $36,832 and $40,711, respectively.

Sales and purchase transactions with affiliates

The Company sold solar modules to Marangatu and Panati in Brazil, in the amounts of $100,939 and $67,463 in 2023, and $173 and nil in 2024, respectively. In 2022, 2023 and 2024, the Company delivered battery energy storage solutions to Crimson in the U.S., totaling $367,383, $17,182 and $5,300, respectively. In 2022, 2023 and 2024, the Company purchased raw materials from Yancheng Jiwa New Material Technology Co., Ltd. in the amounts of $5,192, $8,300 and $4,268, respectively. In 2022, 2023 and 2024, the Company provided asset management services to CSIF totaling $4,180, $10,004 and $5,508, respectively, and provided power services totaling $7,036, $6,974 and $7,623, respectively. The Company delivered turnkey battery energy storage solutions and EPC services to Suzhou Financial Leasing Co., Ltd. in the amount of nil, nil and $17,784 in 2022, 2023 and 2024, respectively.

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