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Canadian Solar Supplies 5.1 MW of Solar Modules to EOSOL’s Solar Power Plant in South West of France

September 23, 2011

PARIS, Sept. 23, 2011 /PRNewswire-Asia-FirstCall/ — Canadian Solar Inc. (NASDAQ: CSIQ), one of the worlds largest solar companies, announced today that the company has supplied solar modules to EOSOL Energies Nouvelles new ground-mounted solar plant. Canadian Solar provided a total of 21,560 solar modules for an installed capacity of 5.1 MW. EOSOL ENs new power plant called Le Petit Chataignier has been built in La Genetouze in the South West of France on an area of 89,300 m². The new solar power plant was inaugurated on September 22, 2011.

EOSOL EN previously selected Canadian Solar’s high-quality, high-performance solar modules for three other installations in France with an overall installed capacity of more than 16 MW.

This new project in La Genetouze, in the department of Charente-Maritime, adds another 5.1 MW to this and has been installed in a record time of five months. Other collaboration partners of EOSOL EN within this project were TSK, 3E, a technical construction auditor, BIOTOPE for ecological engineering and biodiversity management, ERDF as electric line constructor and the bank Credit Agricole.

M. Bruno BERNAL, President of EOSOL Group, said: Canadian Solar has proven to be an excellent partner with its high quality modules and its efficient customer service for our previous projects in France. Thats why we logically selected them to become our partner for this important and strategic project in La Genetouze and we plan to extend our successful cooperation.

Dr. Shawn QU, Chairman and Chief Executive Officer of Canadian Solar, said: This project is a testament to the high quality work by EOSOL EN and its partners, including Canadian Solar. We are proud that our modules were selected again to be part of this landmark project and look forward to continuing to work with EOSOL EN to promote the expansion of solar energy in France.

About EOSOL Energies Nouvelles:

EOSOL Energies Nouvelles is a major player in the development, investment and production of energy from natural resources. Specializing in solar, wind energy, biomass and solar thermal energy, EOSOL EN benefits from the confidence of the Caisse des Depots et Consignations for the co-financing of their projects and has worked with the best partners in the industry (Eiffage Energie, Siemens, Ingeteam, Forclum Aquitaine…) to strengthen its expertise. EOSOL Energies Nouvelles is a young company from Aquitaine which, with more than EUR 20M in assets, presents itself as the leading regional producer of electricity from ground-mounted solar energy. For more information, please visit www.eosol-en.com.

About Canadian Solar:

Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world’s largest solar companies. As a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe, Australia and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, please visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements:

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the risks regarding the previously disclosed SEC investigation, as well as general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on May 17, 2011. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

SOURCE Canadian Solar Inc.


Source: PR Newswire