January 29, 2014
Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, announced that it has been selected as the sole photovoltaic ("PV") module supplier for a 2.1MW solar power plant at the Delhi International Airport in India.
"We are very pleased to supply our high efficiency modules to this landmark solar power project at the Delhi International Airport, which is so far the largest airport solar project in India," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. "This is another example of our success in supplying our high quality modules to rapidly growing emerging markets, as we successfully execute on our market diversification strategy."
Canadian Solar PV modules were selected because of the high quality of its modules, the excellent in-field performance track record in India, and the Company's prior experience supplying modules to airport site solar power plants.
The construction of this project started in October 2013 and was completed in December 2013. Canadian Solar supplied its 60 cell high efficiency CS6P245P modules with power output of 245Wp for this project.
About Canadian Solar
Founded in 2001 in Canada, Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world's largest and foremost solar power companies. As a leading vertically integrated provider of solar modules, specialized solar products and solar power plants with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia, Canadian Solar has delivered more than 5GW of premium quality solar modules to customers in over 70 countries. Canadian Solar is committed to improve the environment and dedicated to provide advanced solar energy products, solutions and services to enable sustainable development around the world. 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 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 in our project markets, including Canada; 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; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 26, 2013. 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 (January 29) date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
For more information :
Canadian Solar Inc.
545 Speedvale Avenue
West Guelph, Ontario
Canada, N1K 1E6