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Canadian Solar Supplies Solar Modules for the Biggest Solar Park in Hesse

May 29, 2012

ONTARIO, Canada, May 29, 2012 /PRNewswire-Asia-FirstCall/ — Canadian Solar Inc. (the “Company”, “we” or “Canadian Solar”) (NASDAQ: CSIQ), one of the world`s largest solar companies, announced today that it has delivered solar modules for a 8 MW PV installation built in the German city of Dreieich-Buchschlag. The Federal State of Hesse’s biggest solar park was finalized on the premises of a former waste landfill site. The PV system installation supplies electricity for up to 2,000 homes in Dreieich.

More than 40,000 Canadian Solar modules were installed on an area spanning 153,000 square meters within the period of a few weeks. The project contractor was Frankfurter Entsorgungs- und Service GmbH (FES). Onsite construction was carried out by the Sinusstrom GmbH. The solar park is operated by the RMS Rhein-Main Solarpark GmbH, a joint subsidiary of the Stadtwerke Dreieich and the FES. The project allocated 25 percent of the modules for use as a public participation solar park, administered by the Solar Initiative Marburg e.V.

“With a solar project of this size the smooth implementation and installation of high performance quality modules is essential. Having chosen the right partners, we accomplished installation and grid connection by the end of 2011,” said FES project manager Florian Benten.

“We are pleased that RMS Rhein-Main Solarpark GmbH and Sinusstrom have chosen solar modules by Canadian Solar. The Federal State of Hesse set an admirable target of fully meeting its energy needs through renewable energy by the year 2050. Today, solar is a more powerful and cost efficient energy solution than ever before. Solar can truly play an important role in helping the Federal State of Hesse and all others worldwide to meet their renewable energy goals,” added Dr Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.

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 April 27, 2012. 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