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Canadian Solar Inc. (CSIQ) Secures 100 MW Solar Module Supply Agreement

|Includes: Canadian Solar Inc. (CSIQ)

Canadian Solar Inc., one of the world’s largest solar companies, was pleased to announce today that it has inked a 100 MW solar module supply agreement with Fire Energy Group. As terms of the agreement, module deliveries will occur throughout the year, with prices adjusted every three months. Fire Energy Group is a leading system integrator that provides project management and distribution services in Spain, Germany, Italy, France, the U.S., the Czech Republic, Morocco and China.

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, stated, “Canadian Solar and Fire Energy Group have built a successful business relationship over the last few years. Fire Energy Group is now one of our major distributors in Europe with sales channels in Germany and throughout Southern Europe. We look forward to further expanding our relationship as we support their ongoing business expansion.”

Mr. John Liu, Chairman and CEO of Fire Energy, added, “Fire Energy Group has selected Canadian Solar products because of its consistent high quality, reliable delivery and strong customer commitment. Under our latest agreement, we will be using Canadian Solar’s 60- cell CS6P and the CS6V large-format module for a variety of rooftop and ground-mounted applications. As Fire Energy Group continues to expand across Europe, it is critical we have a proven partner working alongside us. Canadian Solar is that proven partner.”

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