Canadian Solar Announces Sponsorship of NHL's Los Angeles Kings

SAN RAMON, Calif., Feb. 22, 2012 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (the "Company," "we" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies today announced that it has become a sponsor of the National Hockey League's Los Angeles Kings. The Los Angeles Kings are based out of the world famous STAPLES Center in downtown Los Angeles, also home to three other top professional sports franchises and host site of more than 250 events annually.

"Given Canada's rich hockey heritage, it was a perfect fit for Canadian Solar to become a first-time sponsor of the Los Angeles Kings," said Dr. Shawn Qu, chairman and CEO of Canadian Solar Inc. "The Los Angeles Kings have already made exemplary efforts in sustainability. This latest partnership highlights our commonality and provides a meaningful platform for a strong brand and renewable energy message."

According to the California Solar Statistics, in 2011, more than 100 MW of solar power were contracted to California home owners seeking to reduce their carbon footprint, reduce energy costs and contribute to a cleaner environment. Southern California ranks as one of the top solar markets in the country as residents rapidly adopt renewable energy to power their homes. This sponsorship will enable Canadian Solar to increase its visibility in the U.S. and spread its message of sustainability and clean energy to customers, partners and project stakeholders.

"At AEG, we pride ourselves on being a sustainable organization. Partnering with a preeminent sustainable company like Canadian Solar is a no-brainer," said Bill Pedigo, Senior Vice President, Corporate Partnerships from the LA Kings. "The Los Angeles Kings are committed to sustainability, and this sponsorship with Canadian Solar furthers our track record of support of both renewable energy and solar, helping us achieve our goals."

AEG, owner and operator of STAPLES Center, released an environmental sustainability report in 2010, outlining strategies for energy, water and waste reduction. With nearly 4,000,000 visitors a year the STAPLES Center's high visibility makes it well positioned to inspire environmental responsibility and social change.

About Canadian Solar Inc. (NASDAQ: CSIQ)

Canadian Solar Inc. is one of the world's largest solar companies. As a leading vertically integrated provider of ingots, wafers, solar cells, solar modules 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 and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, visit www.canadiansolar.com.