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Canadian Solar, Inc. (CSIQ) Announces Agreement With Al Fahad Group For Significant Solar PV Project In Abu Dhabi

|Includes: Canadian Solar Inc. (CSIQ)

Canadian Solar, Inc. recently announced that it has forged an agreement with the Al Fahad Group. Canadian Solar, one of the largest solar companies in the world, will begin supplying more than 1.5 MW of its solar modules to the Al Fahad Group under the new agreement. The Al Fahad Group is a diversified conglomerate with proficiency in homeland security, defense & intelligence, networking & communications, and power. Al Fahad delivers tailored, end-to-end solutions to clients across a broad spectrum of industries and government agencies.

Canadian Solar's CS5A-M solar modules will be used in one of the largest solar PV projects in Abu Dhabi, which is being spearheaded by the Al Fahad Group. This governmental venture was agreed upon during the recent World Future Energy Summit (WFES) in Abu Dhabi. Canadian Solar's CS5A-M modules are ideally settled for the challenging local climate conditions in Abu Dhabi, and it was this factor, coupled with Canadian Solar's track record of reliability, high quality and proven performance, that led the Al Fahad Group to select Canadian Solar for the project.

Together with the Al Fahad Group, Canadian Solar will further build its presence in the Middle East market for sustainable energy solutions, tapping into the great potential in the Middle East - particularly in the United Arab Emirates - for the developing solar market. The government's commitment and financial system, coupled with forward thinking key proponents like the Al Fahad Group, make the Middle East a prime location for developing renewable energies like solar.

Canadian Solar is a leading vertically integrated supplier of ingot, wafer, solar cell, solar module and other solar applications, and the company specializes in designing, manufacturing and delivering solar products and solar system solutions to both on-grid and off-grid customers across the globe. Canadian Solar provides environmentally friendly and cost-effective premium solar solutions to foster worldwide, sustainable development.

For further information about the company, visit www.candiansolar.com

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