Canadian Solar announce 17 MW photovoltaic solar energy deal

Under the terms of the agreement, Canadian Solar will provide modules for the development of more than one hundred rooftop solar projects. The projects will be constructed on commercial, industrial and institutional buildings by Potentia. Canadian Solar will deliver the solar modules to Potentia on a per project basis, with all projects scheduled for completion through 2014.

“Potentia is committed to becoming a leading independent solar power producer in Ontario and delivering the best quality, high-performing solar systems,” said Chris Asimakis, president & COO of Potentia. “We are excited to work with Canadian Solar, a company with a sterling reputation for producing some of the most cost-effective and highest energy efficiency solar PV modules in the industry.”

When completed, enough electricity will be generated to meet the annual needs of approximately 1,700 homes with clean, renewable solar power. Development of the 17 MW of solar power is expected to create approximately 260 skilled manufacturing, engineering, construction and maintenance jobs.

“We are proud of our continuing leadership role in building Ontario’s alternative energy presence,” said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. “Through this new master supply agreement, together Canadian Solar and Potentia are bringing more clean power, jobs and investment to the province.”

Canadian Solar is focused on delivering the best value in solar with recognised high-performance modules and a backstop warranty. Potentia Solar will purchase Canadian Solar’s best-selling module, the CS6P. Canadian Solar’s meticulous design and production techniques ensure a high-yield, long-term performance for every module produced, earning the CS6P one of the top PVUSA (PTC) ratings in California for higher energy production.

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.

www.canadiansolar.com