September 4, 2008

Canadian Solar Signs Long-Term Supply Agreements With GCL Silicon

Canadian Solar and GCL Silicon Technology Holdings have signed new long-term supply agreements, pursuant to which GCL will supply 510MT of high-purity poly-silicon feedstock in 2008 and 2009, and approximately 1.8GW of wafers to Canadian Solar between 2010 and 2015.

Shawn Qu, chairman and CEO of Canadian Solar (CSI), said: "GCL Silicon is among the fastest-growing poly-silicon companies and an emerging leader in poly-silicon manufacturing. We have witnessed their ability to ramp up their operations first-hand and we are very pleased to have GCL Silicon as a strategic supply partner. These two contracts help us to further secure our supply chain with strong suppliers at favorable long-term contract prices."

Hunter Jiang, CEO of GCL Silicon, said: "CSI is one of the world leaders in the solar cell and module producing space, with a strong reputation for superior quality and product innovation. We are very pleased to have become a poly-silicon and wafer supplier to CSI."