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Canadian Solar, Inc. (CSIQ) Modules Receive Top PTC Rating

|Includes: Canadian Solar Inc. (CSIQ)

Canadian Solar is fifth largest solar company in the world. It is a leading vertically integrated provider of ingots, wafers, solar cells, solar modules, and other solar applications. The company designs, manufactures, and delivers solar products and solar system solutions globally for both on-grid and off-grid use.

The company today announced that its photovoltaic (PV) modules continue to rank among the top for PVUSA Test Conditions (NASDAQ:PTC) ratings. Effective May 2012, out of almost nine thousand eligible modules rated in the California Energy Commission's Solar Electric Incentive program, Canadian Solar modules continue to rank among the top for PTC efficiency ratings, maintaining their market leadership position. Its product line has a stellar PTC efficiency rating average of 91 percent for wattages from 235 to 250.

PTC ratings were started by the California Energy Commission via the California Go Solar program to measure a solar module's power output. It has become almost universally recognized as providing a realistic, real world measurement of solar panel performance. In California, solar installers pay particularly close attention to the PTC ratings since they can apply for rebates on PV installations built using modules successfully listed in the eligibility program. Using higher PTC rated modules and being more efficient also leads to faster returns on investment for solar projects.

Alan King, US general manager for Canadian Solar, said, "We consistently earn high PTC ratings, providing assurance to our customers and partners in respect to the quality, performance and longevity of Canadian Solar modules and cells."

For more information about Canadian Solar and its line of solar products, please visit the company's website at canadiansolar.com

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