GUELPH, Ontario, October 13, 2014 /PRNewswire/ — Canadian Solar Inc. (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has closed a sales agreement with EDF Renewable Energy (EDF RE), to supply photovoltaic (PV) modules to the 24.3 megawatt peak (MWp) Catalina Solar 2 project during the first quarter of 2015. For this order, Canadian Solar will deliver to EDF RE a total of 83,000 pieces of custom specific CS6X-P solar modules in a 7 x 12 cell matrix with dual UL and IEC 1000V certification.
“We are pleased to be selected to supply our PV modules to EDF Renewable Energy, a leading developer of renewable energy projects in North America. We are looking forward to working with EDF RE in the future. I am confident that Canadian Solar’s global leadership, proven track record, and well-known brand name will continue to make us a partner of choice in powering key solar installations worldwide,” said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.
In the past few years, Canadian Solar modules have consistently been ranked at the top of the PVUSA Test Conditions (PTC) ratings in the industry. The PTC rating program, established by the California Energy Commission (CEC), is the widely accepted indicator of real-world PV module performance.
About Canadian Solar Inc.
Founded in 2001 in Ontario, Canada, Canadian Solar is one of the world’s largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar has an industry leading and geographically diversified pipeline of utility-scale solar power projects as well as a track record of successful solar deployment boasting over 7 GW of premium quality modules installed in over 70 countries during the past decade. Canadian Solar is committed to providing high-quality solar products and solar energy solutions to customers around the world. For more information about our company, products and projects 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 general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of solar grade silicon; demand for solar products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand in our project markets, including Canada, the U.S., Japan and China; changes in customer order patterns; 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; utility-scale project approval process; delays in utility-scale project construction; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; trade protectionism in Europe, the U.S. and India; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 28, 2014. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors 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.