SOURCE: Canadian Solar Inc.

March 20, 2007 07:50 ET

Canadian Solar Wins Contract to Supply BIPV Solar Glass Roof System to China's Luoyang Polysilicon Company

JIANGSU, CHINA -- (MARKET WIRE) -- March 20, 2007 -- Canadian Solar Inc. ("the Company," "CSI," or "we") (NASDAQ: CSIQ) today announced that it won a contract to supply a building integrated photovoltaic (BIPV) solar glass roof system to China's Luoyang Polysilicon Company.

The three-story building, located in Luoyang of Henan Province, will house the Research Department of Luoyang Polysilicon and the China National Silicon Materials Engineering Research Center. The solar glass roof will be divided into three sections and covers a total of 293.3 square meters of roof space. CSI will be the sole supplier of the solar glass roof technology and the special BIPV modules. The project is expected to be completed this summer.

The system will be one of a few functional commercial solar glass roof systems in China and the first one in Henan Province. The project is financially sponsored by the Technology Development Fund of Luoyang Municipality Government.

Mr. Guohong He, Deputy General Manager of China Luoyang Polysilicon commented: "The BIPV project for our new R&D Center demonstrates our dedication to renewable energy and efficient building technologies. It also demonstrates a breakthrough in ENFI Group's capability to integrate solar technology into architecture design. We chose CSI as our partner because it is a worldwide leader in specialty solar module products. Moreover, CSI is also a valued long-term customer of Luoyang Polysilicon. We look forward to opportunities to collaborate with CSI in many other areas of solar industry and applications."

Dr. Shawn Qu, Chairman and CEO of Canadian Solar Inc. commented: "BIPV combines solar technology with architecture, which is one of the faster growing areas of solar applications. CSI adds value through its many years of superior experience in high-margin specialty solar modules and customized solar system design. I am pleased that the ENFI Group selected CSI as we expect this to be the first of many potential high-profile, showcase projects which the two companies will pursue together."

About ENFI engineering Group and China Luoyang Polysilicon:

ENFI Engineering Group is a leading engineering design company for industrial building and manufacturing facilities. ENFI is the majority shareholder of Luoyang Polysilicon, which is the largest polysilicon producer in China. Luoyang Polysilicon currently has a nameplate capacity of 1000 MT and will increase its polysilicon production capacity to 3000 MT by the end of 2008.

About Canadian Solar Inc.

Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar module and customer-designed solar application products serving worldwide customers. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information visit www.csisolar.com.

Contact Information

  • Contacts:

    In Jiangsu, P.R. China
    Bing Zhu
    Chief Financial Officer
    Canadian Solar Inc.
    Phone: +86-512-62696755
    ir@csisolar.com

    In the U.S.
    David Pasquale
    The Ruth Group
    Phone: +1-646-536-7006
    dpasquale@theruthgroup.com