Canadian Solar Opposes Protectionist Tariff, ITC Final Trade Ruling

ONTARIO, Nov. 8, 2012 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies with a global supply-chain and manufacturing facilities in Canada and China, today announced that while it is relieved an end has come to a lengthy and costly legal suit, they oppose the final ruling of the U.S. International Trade Commission (ITC) upholding the Department of Commerce's (DOC) earlier findings that Chinese pricing practices have harmed the American Industry. The ITC ruling will implement the DOC's antidumping duties (AD) ranging from 18.32% to 249.96% and countervailing duties (CVD) of 15.24% to 15.97% (depending on the importer of record) on crystalline silicon photovoltaic cells made in China, whether or not assembled into modules.

The ITC also had to determine whether imports covered by the previous DOC critical circumstances determinations are likely to undermine seriously the remedial effect of the AD and CVD orders the DOC will issue.  By a vote of 4 to 2, a majority of the ITC found that critical circumstances do not exist.  As a result of the ITC's negative determinations regarding critical circumstances, the AD and CVD orders concerning these imports will not apply retroactively to goods that entered the United States prior to the date of publication in the Federal Register of the DOC's affirmative preliminary determinations.

"As a global company serving customers in 50 countries, Canadian Solar has consistently adhered to fair trading practices around the world," said Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar. "U.S. exports to China have increased almost 400 percent in the last eight years, and according to the National Solar Jobs Census 2012, the solar industry employs nearly 120,000 Americans across 50 states, reflecting a 13.2 percent increase from 2011. China and the United States are major trade partners and our interests are interwoven. Earlier protectionist tariffs indicate this action simply displaces sales to alternate foreign exporters and is expected to cost U.S. jobs. The tariff is counterproductive to resolving issues on both sides, and we'd like to see both governments engage in discussions to find workable solutions."

Canadian Solar disagrees with the ITC final determination and maintains its position that the Company practices fair trade according to the Trade Act. As a result of this ruling, the Company will leverage its long-term cell supply partners located outside of China to continue to serve the growing demands from its U.S. customers. Canadian Solar is a fiscally strong company dedicated to delivering high quality solar solutions to its customers around the world and will remain actively engaged in the pursuit to reduce the price of solar modules to enable more families and businesses access to affordable solar energy reducing our consumption of fossil fuels and increasing our energy independence."

About Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) 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, Africa, Australia, Asia and Africa, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, please visit www.canadiansolar.com.

Canadian Solar Schedules Third Quarter 2012 Earnings Conference Call

ONTARIO, Canada, Oct. 29, 2012 /PRNewswire-FirstCall/ -- Canadian Solar Inc. ("the Company", "Canadian Solar" or "we") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it will hold a conference call on Thursday, November 15, 2012 at 8:00 a.m. U.S. Eastern Standard Time (9:00 p.m., November 15, 2012 in Hong Kong) to discuss the Company's financial results for the third quarter ended September 30, 2012 and its business outlook.

The dial-in phone number for the live audio call is +1-617-786-2905 or +1-800-599-9795, with passcode 27534422.  A live webcast of the conference call will also be available on Canadian Solar's website at www.canadiansolar.com.

A replay of the call will be available approximately two hours after the conclusion of the live call through 10:00 a.m. on November 22, 2012, U.S. Eastern Standard Time (11:00 p.m., November 22, 2012 in Hong Kong) by telephone at +1-617-801-6888, with passcode 83917942.  A webcast replay will also be available at www.canadiansolar.com.

About Canadian Solar Inc. (NASDAQ: CSIQ)

Canadian Solar Inc. (NASDAQ: CSIQ) 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, Africa, Australia, Asia and Africa, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, please visit www.canadiansolar.com.

Canadian Solar Modules Installed in Pennsylvania's Largest Solar Energy Installation

SAN RAMON, Calif., Oct. 16, 2012 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (the "Company", "we" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, today announced its modules have been installed in a 5MW (AC) solar plant located in a dense agricultural area of Lancaster County, Pennsylvania. The environment-friendly solar project, dubbed Keystone, was developed by Community Energy Solar and constructed by groSolar.
Canadian Solar utility-scale MaxPower modules are part of the unique installation by Community Energy, which was adapted with an organic perspective to preserve and improve the farmland the installation resides on. The solar panels are installed on driven posts without concrete to avoid soil disturbance and specific ground cover was selected to maintain and improve the organic soil content.

Exelon Generation and Community Energy's retail marketing division committed to buy the output and backed the financing for the project, which will supply green electricity to customers who sign up for a share of the generation. Several high-profile customers have already endorsed the program including the Philadelphia Phillies, the Clean Air Council, Franklin & Marshal College , Drexel University, Eastern University, Marywood University, Millersville University, and Juniata College .

"The Keystone solar energy project is another example of a long list of utility-scale solar projects that continue to drive job employment across the United States," said Alan King , general manager of Canadian Solar USA. "This project sets an example of how a solar installation can support a community by providing benefits on multiple levels, in addition to generating long-term clean energy."

The 20,000 Canadian Solar 290 watt modules are installed on fixed tilt, ground-mounted aluminum racking and are interconnected to the PPL Electric grid. The solar energy system will supply approximately 7.5 million kilowatt hours per year of electricity, or enough energy to power 653 homes. The installation offsets 5,625 tons of emissions annually, the equivalent sequestration of 28,125 trees per year.

"This is the greenest of the green—local jobs building fuel-free power that will last for decades," said Brent Beerley , Executive Vice President of Community Energy. "Forward-thinking retail electric customers, backed by Exelon Generation on wholesale, and leadership from East Drumore township, the State of Pennsylvania, and the PA Sustainable Energy Fund were all part of making this happen, and we're under construction with an experienced team led by contractor groSolar using Canadian Solar modules. We couldn't be happier with the team," he said.

A ribbon-cutting ceremony for the Keystone project will be held today at 10 a.m. EST, dedicating the new installation and providing an educational session on how solar is the future of new energy.

About Canadian Solar

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. For more information, please visit www.canadiansolar.com.

About Community Energy

Community Energy ("CE") has led renewable energy development in the Eastern U.S. since its founding in 1999. CE led wind development in the Northeast at the start of the decade, and in 2009 expanded into solar project development in states with expanding solar targets, now including New Jersey, Massachusetts, Indiana, Maryland, North Carolina and Puerto Rico, with targeted projects in Colorado and Arizona. CE continues to lead the industry by backing utility power purchase agreements with retail renewable energy sales and hedge products.  Projects built by CE include the 7.8 megawatt Vineland Solar Project in the City of Vineland, NJ, the 24 megawatt Bear Creek Wind Farm in the Poconos, PA, and the 7.5 megawatt Jersey Atlantic Wind Farm in Atlantic City, NJ. For more information and video of the Keystone construction, visit www.communityenergysolar.com.

Canadian Solar Comments on the U.S. Department of Commerce Trade Investigation's Final Determination

ONTARIO, Canada, Oct. 11, 2012 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies with a global supply-chain and manufacturing facilities in Canada and China, today announced that the U.S. Department of Commerce ("DOC") issued a final determination to impose antidumping duties (AD) of 15.42% and countervailing duties (CVD) of 15.24% on crystalline silicon photovoltaic cells made by Canadian Solar in China, whether or not assembled into modules.

The DOC also confirmed the scope of the trade investigation was limited to silicon photovoltaic cells made in China whether or not assembled into modules, and upheld its opinion on critical circumstances which imposes retroactive CVD/AD up to 90 days from the date of the preliminary determinations issued on March 20, 2012 and May 17, 2012, respectively.

The U.S. International Trade Commission (ITC) is currently conducting a separate investigation to determine the extent of economic injury and critical circumstances, before the above described duties can be implemented. A final decision by the ITC is expected on November 7, 2012.

"As one of the largest solar companies in the world, with a global supply-chain and manufacturing facilities in two continents, Canadian Solar has consistently adhered to fair trading practices," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. "Over the past several quarters we have maintained a laser focus on initiatives to reduce our manufacturing cost to meet the competition in the global solar energy market place. We have benefited from the decline in our raw material costs, especially silicon, and also from improvements in our cell conversion efficiencies, and from economies of scale, which combined have contributed to Canadian Solar securing its position as one of the world's lowest cost manufacturers of solar photovoltaic modules."

"Our efforts have contributed to making electricity generated by solar photovoltaic modules more competitive with fossil-fuel alternatives worldwide. Bringing down the price of solar modules has been critical to expanding solar installations in the U.S. so we can reduce the use of fossil fuels, and reduce reliance on imported oil.  Lower solar module prices in the U.S. have also contributed to employment growth; the U.S. solar industry now employs more than 100,000 workers, with the vast majority employed in downstream positions in project development, logistics, construction and installation, which directly benefit from lower solar panel prices," continued Dr. Qu.

"While we are disappointed with the DOC final determination, we will continue to defend our position with the ITC ahead of its final determination in November. We will also remain committed to the U.S. solar energy market, leveraging our global supply-chain to provide fairly priced solar energy solutions, to support our employees, partners and customer base," concluded Dr. Qu.

About Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) 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, Africa, Australia, Asia and Africa, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, please visit www.canadiansolar.com.

Canadian Solar Australia Signs Solar ModuleSupply Agreement with REDSET

ONTARIO, Canada, Oct. 9, 2012 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, today announced that Canadian Solar Australia, a wholly owned subsidiary and REDSET, a solar products distribution company serving a network of over 1,000 licensed installers across Australia, have announced a solar module supply agreement.

Under the agreement, Canadian Solar will supply over 20 MW of high-performance solar modules per annum to REDSET to power a range of commercial and residential installations.

"Canadian Solar is proud to partner with REDSET, which has shown leadership in its support of the quality end of the solar energy market in Australia," said Rod Seares, General Manager of Canadian Solar Australia.

"REDSET has a reputation for excellent customer service and customer satisfaction. With each State and Territory setting their own feed-in tariffs and with different approaches to solar power legislation, it's important to work with a company that understands local market conditions."

REDSET has warehouses in Adelaide, Brisbane, Melbourne, Perth, Sydney and Townsville, offering local installers support from experienced solar power experts who have practical industry knowledge.

REDSET Managing Director Ross Young said that Canadian Solar's innovative approach to product development and warranties made it an attractive partner.

"Canadian Solar is a Tier 1 solar energy supplier with a reputation for service and dependability," Mr. Young said. "We have tested their products, visited their factories and been impressed with their quality, industry leading performance and reliability.

"Our customers will benefit from a compelling full service solar solution with a true 25-year insurance-backed guarantee."

Canadian Solar modules have undergone rigorous formal inspections and testing to be awarded international quality certifications.

About Canadian Solar
Canadian Solar Inc. (NASDAQ: CSIQ) 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, Africa, Australia, Asia and Africa, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, please visit www.canadiansolar.com.

PR Newswire (http://s.tt/1pyGm)

Canadian Solar Expands into Puerto Rico with Planned 26 MW Solar Power Plant Installation

ONTARIO, Canada, Oct. 2, 2012 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, today announced the delivery 26 MW of its high quality and high-performing CS6P-P solar power modules to EPC Contractor TSK Solar for the "San Fermin" solar power plant installation in Puerto Rico, co-developed by firms Uriel Renewables inc. and Coqui Power LLC. The solar power plant is located in the North Eastern town of Loiza, a region that regularly faces adverse weather conditions such as hurricanes, tropical storms and flooding. Due to the specific nature of the project and its location, the project's electrical equipment were installed on structures that elevated them two to four meters above ground, and have also been designed to withstand winds of up to 260 kilometers per hour.

The solar power system is expected to be completed and connected to the national grid in December 2012, making it the first photovoltaic project in Puerto Rico to meet the technical requirements of the Puerto Rico Electric Power Authority (PREPA) by enabling both active and reactive power regulation. Moreover, the electrical frequency will be adjustable and the voltage can be modulated at the grid connection point to accommodate any sudden fluctuations in solar intensity. The PV installation also has a very unique feature with its own predictive weather station to prepare the solar power plant for sudden increases or reductions of sunlight.

"This PV project has proven to have an extra degree of complexity, as we needed to plan, design and engineer for weather conditions particular to the Caribbean region ranging from hurricanes and flooding to a variety of soil types.  The solar plant was also designed to operate in a challenging electrical environment, with 40% overcurrent, voltage control issues and the need for a back-up energy storage system. Given this highly demanding environment, the high-quality and durability of Canadian Solar's modules was essential in meeting the strict requirements for us and our development partner, Uriel," stated Roberto Montes, General Manager of TSK Solar. "Thanks to the robustness of our PV components, the new installation will help further stabilize Puerto Rico's electrical grid."

"The joint efforts, focus and cooperation of all stakeholders involved in this project have helped keep the installation on its planned schedule," said Fernando Metcalf, President of Uriel Renewables. "Canadian Solar's experience, module reliability and high quality has proven to be the right choice for the San Fermin project. We look forward to continue developing the relationship as we deploy our solar PV pipeline in the region".

Canadian Solar's CS6P-P solar modules, which were selected for the Loiza project, recently received the highest PV USA (PTC) ratings – a universally recognized indicator of a solar system's real performance and power output.

"We continue to expand our global presence in markets that are attractive from a financial perspective and where we can work with strong local partners to ensure success," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. "We are excited to be involved with innovative solar power plants, like the one in Loiza, as they showcase solar an option for a much wider range of markets with challenging energy needs."

About Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) 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, Africa, Australia, Asia and Africa, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, please visit www.canadiansolar.com.

Canadian Solar Provides Solar Modules for alpincenter Hamburg-Wittenburg

ONTARIO, Canada, Sept. 24, 2012 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, provided the solar modules for one of Europe's largest skiing halls. The PV rooftop installation on the alpincenter in Hamburg-Wittenburg, Germany, uses Canadian Solar modules with a total output of 3.6 MW. The winter sports center's operator reaps a double benefit: using the self-produced solar power significantly offsets energy costs while at the same time reducing the power needed to run the cooling system thank to the shadowing effect underneath the solar system.

The owner, the Dutch Van der Valk Group, was facing the challenge of significantly reducing the energy costs for operating the building, which features 30,000 m² of ski slopes. Installing the structure-mounted rooftop system allows to operate the facility during 365 days a year, using only the self-generated power. This makes the operators independent from the public grid and EEG subsidies. A side benefit of the PV system: the shadow it produces on the roof results in a 50 percent lower surface temperature. This drastically reduces the load on the cooling technology which keeps the indoor temperature at -1 degree Celsius throughout the year, translating into lower energy consumption. The project was planned and implemented by Hamburg-based project company Dr. Metje Consulting.

"For a rooftop system of this scale, efficiency and quality of the modules are paramount. Particularly for the alpincenter Hamburg-Wittenburg, which wanted to completely cover their energy demand by the self-produced power, performance losses are not tolerable," said Dr. Christian Metje of Dr. Metje Consulting.

"Projects like the alpincenter Hamburg-Wittenburg are the future of solar energy: PV systems that cover the facility's complete energy demand and that do not depend on public subsidies. It is a particular proof of photovoltaic efficiency that a winter sports center – which needs great amounts of energy - uses solar power. We are therefore extremely proud our modules are now deployed in Wittenburg," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar.

About Canadian Solar

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, Africa, Australia and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, please visit www.canadiansolar.com.

Canadian Solar Supplies More Than 8 MW to groSolar for Utility-Scale Projects

SAN RAMON, Calif., Aug. 29, 2012 /PRNewswire-Asia-FirstCall/ -- Canadian Solar, Inc., (the "Company," "we" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, announced that it has supplied more than 8 MW of solar modules to groSolar for three utility and commercial photovoltaic (PV) projects in the United States.

The largest installation is a 6 MW plant currently under construction in Lancaster County, Pennsylvania. Canadian Solar was the exclusive provider of high-performance solar modules for the plant, which will supply around 7.5 million kilowatt hours (kWh) of solar energy per year under a 15-year power purchase agreement (PPA). The installation was designed to support both farmland preservation and agricultural soil restoration in Lancaster. When completed, it will be the largest solar installation in the state of Pennsylvania.

Two of the PV projects have recently been completed. groSolar selected Canadian Solar's monocrystalline PV modules for the 1.8 MW solar project, located at the Camden County Municipal Utility Authority's (CCMUA) wastewater treatment plant in Camden, N.J. The system was designed and built to span open wastewater treatment tanks, with the solar generated electricity sold by the third party owner to CCMUA, the project host, in the form of a PPA. Lastly, Canadian Solar supplied modules for the construction of the 1.5 MW PV system at Longwood Gardens in Kennett Square, Pa. The combined production of both plants is expected to produce approximately 4.95 million kWh of clean solar energy and offset approximately 3,712 tons of carbon emissions per year, the equivalent of planting 18,562 trees.

"Canadian Solar is committed to supporting its valued partners and customers," said Shawn Qu, CEO of Canadian Solar.  "We are pleased to be selected as module provider of choice by groSolar's experienced team as we continue to expand in the U.S. market."

"When working on challenging projects, we know we can depend on Canadian Solar as a partner.  They are a trusted supplier that we have successfully worked with on many projects and look forward to collaborating with them on many more in the future," said Jamie Resor, CEO of groSolar.

All three groSolar projects were built using Canadian Solar's workhorse module, the CS6P. Canadian Solar's meticulous design and production techniques ensure high-yield, long-term performance for every module produced, giving  the  CS6P one of the top ranked PVUSA (PTC) ratings in California for higher energy production. In addition, Canadian Solar's high-performance modules are covered by an industry-leading 25-year warranty as well as matching warranty insurance underwritten by A.M. Best-rated insurance carriers.                                                  

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.

Penn Energy Renewables and Canadian Solar Close 18.7 MW AC Deal for Two Solar Farms in Canada

GUELPH and TORONTO, Ontario, Aug. 28, 2012 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company",  or "Canadian Solar"), one of the world's largest solar power companies, announced that its subsidiary, Canadian Solar Solutions Inc., has closed an 18.7 MW AC turnkey engineering, procurement and construction (EPC) contract and operations and maintenance agreement for the construction and operation of two new solar energy farms in Ontario, Canada for Penn Energy Renewables Ltd.  The construction will begin in the third quarter of 2012, with the projects expected to be fully operational in the summer of 2013.  

"We are committed to developing and operating utility-scale solar PV projects that provide clean, infinitely renewable solar energy to the homes, businesses and schools in the communities that we serve," said Sean McCloskey at Penn Energy Renewables Ltd. "As a developer and long-term investor in solar PV projects, we were impressed with Canadian Solar's full array of offerings, which include modules manufactured in Ontario, EPC services and the provision of long-term operations and maintenance services."

The solar farms are expected to produce enough electricity to power approximately 2,600 homes preventing approximately 432,000 metric tons of carbon dioxide emissions over a 20-year period. The installations are anticipated to create more than 100 new jobs during the development and construction phases. These jobs will be in manufacturing, engineering and construction with additional on-going positions created during the operation and maintenance phases.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "We believe strong companies, like Penn Energy, want to work with Canadian Solar because of our track record, expertise, bankability, photovoltaicpanel reliability, and global brand name.  As a result, we have built an impressive portfolio of projects and have a very robust pipeline of attractive projects in Canada, the U.S. and Asia.  We believe that we have a strong position in Ontario and each project that we complete builds on our lead as the most experienced and dependable developer in Ontario to take a project from development stage to full operation."

Canadian Solar's modules have been awarded key international certifications attesting to the quality and reliability of its manufacturing processes.  Canadian Solar is focused on delivering the best value in solar with their recognized high-performance solar modules that come with an industry leading 10-year product workmanship warranty and a 25-year power output guarantee covered by an investment grade third party insurance policy.

About Canadian Solar Inc.

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, Australia 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.

About Penn Energy Renewables Ltd.

Penn Energy Renewables Ltd. is the Canadian member of the Penn Group of Companies which is  headquartered just outside Philadelphia, Pennsylvania. Penn actively develops, acquires and invests in utility-scale solar farms. The firm is a long-term investor and has real estate, mineral and energy holdings in Texas, Nevada, New York, Vermont, New Jersey, Massachusetts, Delaware, Pennsylvania and Ontario. Penn is applying the companies' resources, experience and track record of success to deliver first-class utility-scale solar farms that are clean, quiet and produce infinitely renewable solar energy. In Ontario, Penn Energy Renewables Ltd. has seven executed Feed-in-Tariff (FIT) contracts with the Ontario Power Authority (OPA) for projects with power generation capacity in excess of 60 megawatts AC. Penn strives to enhance its relationships with utilities and project developers and welcomes new opportunities to continue growing its portfolio of solar development projects and operating solar farms in markets worldwide. For more information, visit www.pennenergyrenewables.com.

Canadian Solar Completes Sale of Solar Power Plant to Stonepeak Infrastructure Partners

ONTARIO, Canada, Aug. 27, 2012 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, today announced the Company has completed the sale to Stonepeak Infrastructure Partners ("Stonepeak") of a utility-scale solar power plant for approximately C$48.0 million (US$48.4 million).  As the developer, EPC and construction financier, Canadian Solar built the solar power plant to provide enough clean, renewable energy to power more than 1,200 homes in eastern Ontario near the town of Napanee.

Named "Canadian Solar 1" (or "CS1"), the solar installation is now connected to the grid and includes approximately 50,000 Canadian Solar CS6M modules.  Canadian Solar also won a 20-year contract to provide operations and maintenance services to Stonepeak for the utility-scale solar power plant.

"This project marks Canadian Solar's continued success in the utility-scale solar power development space while furthering Ontario's goal to provide green energy and green jobs," said Dr. Shawn Qu, CEO and Chairman of Canadian Solar. "It is a testament to the quality of Canadian Solar's modules and the proven expertise of our projects team that a strategic company like Stonepeak has chosen the CS1 solar farm as their first investment in the Ontario market.  We are also very excited to complete our first sale of a Canadian Solar owned solar power project in Ontario."

"The Ontario renewables regime represents an attractive investment opportunity and we are excited about partnering with Canadian Solar and AMP Solar Group on this project. Canadian Solar Solutions' projects team has done an excellent job completing this clean energy project and delivering a turnkey package for purchase by Stonepeak," said Trent Vichie, founding partner of Stonepeak Infrastructure Partners.  

As project co-developer, AMP Solar Group financed the acquisition of the asset with Stonepeak Infrastructure Partners and The Manufacturers Life Insurance Company.  Dave Rogers, CEO of AMP Solar Group said: "The CS1 project represents a great opportunity for AMP and its financing partners to own and operate a superior project in Ontario's thriving renewable market."

About Canadian Solar

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. For more information, please visit canadiansolar.com.

About Stonepeak Infrastructure Partners

Stonepeak Infrastructure Partners is an independently owned North American infrastructure investment firm that spun out from the Blackstone Group last year. Stonepeak Infrastructure Partners is based in New York, and targets investments in the middle market, focusing on lower risk infrastructure investments across utilities, water and waste, energy, power and renewables, midstream and transportation asset classes.

About AMP Solar Group Inc.

AMP Solar Group Inc. is a leading developer of solar energy assets.  AMP is differentiated in its approach with a singular view that its business is to create investment grade financial products from renewable energy assets that demonstrate a superior risk adjusted return.  AMP's long-term vision is to grow the platform globally in markets where AMP's development, M&A and financing expertise can provide significant differentiation.

Canadian Solar Achieves Pass'Innovation Certification with Partner MECOSUN

ONTARIO, Canada, Aug. 21, 2012 /PRNewswire-Asia-FirstCall/ -- Canadian Solar (NASDAQ: CSIQ) (the "Company", "we" or "Canadian Solar"), one of the world's largest solar companies, today announced that, along with its partner MECOSUN, a French PV integrator, it achieved the Pass'Innovation certification from the CTSB, a French institution. The testing attests to the integration of Canadian Solar's PV panels with MECOSUN's MV€ system.

Founded in 1947, the CSTB is a public industrial and commercial institution placed under the authority of the French Minister of housing and Minister of ecology, sustainable development and transport. Its main duties include responding to the challenges of sustainable development, innovating and assisting in the development of built framework of all scales.

The CSTB's Pass'Innovation certification is intended to guarantee the quality of the integration of Canadian Solar panels - including CS6-P, poly- and mono-crystalline modules as well as the company's new ELPS modules - with MECOSUN's MV€ system, for industrial and agricultural roofs.

This certification obtained by Canadian Solar and MECOSUN is aimed at facilitating accession to insurances, as well as funding from French governmental authorities, with the view to building new solar rooftop installations on French soil.

"We are pleased to achieve this latest certification," noted Dr Shawn Qu, Chairman and CEO of Canadian Solar. "This is another competitive advantage as we can provide additional assurances to customers, installers and banking partners in the French market."

MECOSUN is a photovoltaic specialist and the French pioneer in the integration systems for industrial, agricultural and residential rooftop market. The company offers a set of reliable, cost effective and recognized integration systems, MV€, MKR, MVO and MV3i, which respond to the main integration criteria to achieve qualitative PV installations.

About Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) 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, Australia and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, please visit www.canadiansolar.com.

Canadian Solar Reports Fourth Quarter and Fiscal Year 2011 Financial Results

ONTARIO, March 7, 2012 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, today announced financial results for the fourth quarter and fiscal year ended December 31, 2011.

Fourth Quarter 2011 Highlights

•     Solar module shipments were 436 MW, an increase of 23% from 355 MW in the third quarter 2011.
•     Net revenue was $474.1 million, compared to $499.6 million in the third quarter 2011.
•     Gross margin was 8.7%, compared to 2.4% in the third quarter 2011.
•     Diluted loss per share was $1.39, compared to diluted loss per share of $1.02 in the third quarter 2011.
•     Operating cash flow was approximately $48.9 million, compared to approximately $94 million in the third quarter 2011.
•     Inventory balance at the end of the quarter was $296.6 million, compared to $406.0 million at the end of the third quarter 2011.

Fiscal Year 2011 Highlights

•     Solar module shipments were 1,323 MW, an increase of 65% from 803 MW in fiscal year 2010.
•     Net revenue was $1.9 billion, compared to net revenue of $1.5 billion for fiscal year 2010.
•     Gross margin was of 9.6%, compared to 15.3% in fiscal year 2010, due to a significant decline in average selling price during 2011.
•     Diluted loss per share was $2.11, compared to earnings of $1.16 per diluted share for fiscal year 2010.
•     Operating cash flow was approximately $46.3 million, compared to negative $58.5 million for fiscal year 2010.
•     Inventory balance at the end of fiscal year 2011 was $296.6 million, compared to $272.1 million at the end of fiscal 2010.

Fourth Quarter 2011 Results

Net revenue for the fourth quarter of 2011 was $474.1 million, down 5.1% from $499.6 million in the third quarter of 2011 and up 4.7% from $452.7 million in the fourth quarter of 2010.  Total solar module shipments for the fourth quarter of 2011 were 436 MW, compared to total module shipments of 355 MW for the third quarter 2011 and 237 MW for the fourth quarter of 2010.  Total solar module shipments for the fourth quarter of 2011 included 16.3 MW used in the Company's total solutions business.

By geography, in the fourth quarter of 2011, sales to European markets represented 46.5% of revenue, sales to North America represented 26.9% of revenue, and sales to Asia and all other markets represented 26.6% of revenue, compared to 61.7%, 16.1% and 22.2%, respectively, in the third quarter of 2011 and 70.9%, 10.3% and 18.8%, respectively, in the fourth quarter of 2010.  Specifically, India, China and the U.S. were markets of notable positive growth for the Company in 2011.

Canadian Solar Supplies 70 MW of Solar Modules for Germany's Largest Project

MUNICH, Sept. 2, 2011, /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 the Company supplied its high quality solar modules for Germany's largest solar power plant. Built by GP JOULE GmbH ("GP JOULE") the open-space solar power plant has a specified output of 70 MW and occupies a 152 hectare surface in the Southern Brandenburg region of Eastern Germany.

GP JOULE, is a leading international engineering, procurement and construction ("EPC") and project development company, with four locations in Northern and Southern Germany as well as international offices in North America, France and Italy. For this project, GP JOULE installed approximately 306,000 solar modules on four fields located in a former lignite mining strip in the East German city of Meuro near Senftenberg. In total, the plant will power 17,500 households with green energy. The financing partners for this project were HSH Nordbank, Unlimited Energy and Luxcara.

"We selected Canadian Solar's photovoltaic ('PV') modules because of their high quality, performance and reliability -- all critical for successfully implementing and running large projects. Canadian Solar continues to set industry benchmarks in the development of innovative PV modules, which also represent excellent value for money," said Ove Petersen, founder and CEO of GP JOULE. "Service, flexibility and trust are of particular importance for large solar parks, like our current 70 MW project. Canadian Solar has it all."

Long-term Partnership

Canadian Solar and GP JOULE have cooperated since 2009, with the most recent supply agreement for 97 MW concluded in April. The successfully completed Meuro solar park reinforces this partnership and further strengthens Canadian Solar's position in the German energy market.

"We are proud to see our modules selected for this prestigious landmark project. With this solar power plant, GP JOULE is demonstrating on a high quality standard the true large scale potential of solar energy in meeting energy demands worldwide," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. "This project also significantly increases our presence and brand awareness in Germany, consistently the world's top solar market. We look forward to continuing our successful cooperation with GP JOULE."

Canadian Solar Announces Partnership with Fulham Football Club

ONDON, Aug. 22, 2011 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar companies, today announced a partnership agreement with Fulham Football Club (FC), to become their official solar energy sponsor in a two year deal.

The sponsorship deal will see the English Premier League team partner with one of the world's largest solar companies. The sponsorship extends Canadian Solar's active support of top sporting teams globally, including other top European football teams, such as Hannover 96 and 1. FC Nuremberg in Germany's Bundesliga.

As part of this sponsorship, Canadian Solar will receive dedicated marketing, hospitality and advertising privileges. Canadian Solar's logo will be featured at all home games on the digital perimeter advertising system and in other prominent, high visibility areas of the stadium. Canadian Solar will also be featured on the Fulham FC website homepage and other advertising platforms.

Dr. Shawn Qu, Canadian Solar's Chairman and CEO said: "We are very pleased to kick-start our partnership with Fulham and are proud to be named as official solar energy partner. We have a tremendous respect for the athletes, and share in their commitment to winning. We have a long-standing history in supporting top sports clubs, particularly in Europe. These sponsorships provide an ideal way to broaden the awareness of the Canadian Solar brand as well as providing us with strong channel support for our customers."

Finishing 8th in the Premier League last season, and currently competing in the UEFA Europa League playoffs, Fulham is one of the best known clubs in the UK. Owned and chaired by Mohamed Al Fayed, the club is committed to its fans and partnerships which are integral to the brand and the club's history and heritage.

Fulham Football Club CEO, Alistair Mackintosh, said: "Fulham is delighted to partner with Canadian Solar for the forthcoming seasons. They are a leading brand in the solar industry that complements and embodies the core values and principles of Fulham. The partnership will, I am sure, be mutually beneficial and we look forward to successful seasons working together."

Worldwide Sponsoring Activities

Besides the commitment of this deal the company supports two German top-league soccer teams, Canadian Solar has supported other pro league sports teams for years. The company is the sponsoring partner of Italian basketball team Virtus Bologna. In Germany, Canadian Solar supports the EHC Munich hockey top league club. In North America, Canadian Solar sponsors two Major League baseball teams, the New York Yankees and the 2010 World Series Champions San Francisco Giants. In Japan, Canadian Solar sponsors the famous Seibu Lions baseball team.

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.

Canadian Solar Schedules 2Q09 Results Conference Call

TORONTO, July 27 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. ("the Company", "Canadian Solar" or "we") (Nasdaq: CSIQ) today announced that it will hold a conference call to discuss the Company's financial results for the second quarter ended June 30, 2009 and business outlook.

The dial-in number for the live audio call, which will begin on Thursday, August 6, 2009 at 8:00 a.m. U.S. Eastern Time (8:00 p.m. August 6, 2009 in Hong Kong), is +1-617-847-8712. The conference call passcode is 63818298. A live webcast of the conference call will also be available on Canadian Solar's website at http://www.canadian-solar.com .

A replay of the call will be available approximately one hour after the conclusion of the live call through 12:00 p.m. on August 13, 2009, U.S. Eastern Time (12:00 a.m., August 14, 2009 in Hong Kong) by telephone at +1-617-801-6888. To access the replay, use passcode 52551852. A webcast replay will also be available at http://www.canadian-solar.com .