Technology World — 24 February 2011
Canadian Solar (NASDAQ: CSIQ) wins 60 MW supply contract

Canadian Solar (NASDAQ: CSIQ) wins 60 MW supply contract.

Canadian Solar (NASDAQ: CSIQ), one of the world’s largest solar companies, today announced it has entered into a sales contract with S.A.G. Solarstrom AG, based in Freiburg, Germany. Under terms of the contract, shipments will start in March, with Canadian Solar expected to supply 60 MW of PV modules to S.A.G. Solarstrom AG in 2011 for deployment in Germany and Italy, both key solar markets.

“Quality, performance and value are key criteria for our purchase of components and new system partnerships,” said Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. “Canadian Solar’s modules have been dominant in every aspect. We are delighted to have found a new partner now whose modules we can use to build photovoltaic systems that meet our high S.A.G. quality standards.”

“This is another win in core geographic markets for the solar industry. Besides quality and efficiency, we are committed to sustainability and environmental protection, which are values shared by S.A.G. Solarstrom AG,” said Dr. Shawn Qu, CEO of Canadian Solar. “Our modules have essential international certifications and are covered by a six-year product warranty and a 25 year performance warranty. This gives our partners added confidence and assurance in the quality, durability and performance of our solar modules.”

S.A.G. Solarstrom AG (WKN: 702 100, ISIN: DE0007021008), with headquarters in Freiburg, Germany, is an independent supplier of individually customized high quality photovoltaic systems. The group builds efficient system of any size, both nationally and internationally. With its own systems, the company produces sustainable solar power. The portfolio of S.A.G. Solarstrom AG also includes services throughout the entire lifecycle of PV systems, including forecast and energy services, yield assessments, remote maintenance, on-site maintenance, insurance and financial services. This way, the group offers a comprehensive value chain for photovoltaics, from yield assessments to planning, construction, operation, optimization, repowering and retreat. The company was founded in 1998 as is among the pioneers of the solar industry. Approximately 190 specialists work at the four locations in Germany and at the foreign subsidiaries. S.A.G. Solarstrom AG is listed in the General Standard of the Frankfurt Stock Exchange and according to M:access regulations by Munich Stock Exchange. More info at: www.solarstromag.com

Canadian Solar Inc. 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 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

Image by kevinthoule via Flickr.

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Richard Lee

Richard has been traveling since he took a year off from college, where he was doing a BA in Journalism. He traveled half the world, backpacking with his girlfriend (now his wife). They spent time in South America, Asia, Greece and much of Europe. After writing about his experiences for several airline and travel magazines, he never went back to college.

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