TORONTO and GUELPH, Ontario, Jan. 22, 2013 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company", or "Canadian Solar"), one of the world's largest solar power companies, today announced the launch of its next generation ResidentialAC system.
Until now, PV system installers had to make use of first generation micro inverter technology. Canadian Solar's ResidentialAC system combines the Company's highly efficient 250W PV module with a state of the art next generation Micro Inverter to provide solar system installers, investors and homeowners with a breakthrough solution that delivers high quality and cost-effective performance. Canadian Solar's ResidentialAC system was designed from the ground up and is anticipated to address ALL of the critical limitations of current, first generation AC micro inverters in the market.
The end result is a new generation ResidentialAC system that meets the needs and challenges of today's residential PV systems and confidently meets the standard 25-year system performance warranty requirement. Installers, homeowners and investors will benefit from fewer repairs, safety advantages of not working on high voltage DC electricity, and faster installations with lower labor and material costs. Homeowners and investors will also benefit from faster ROI due to the ability to use higher power class modules in addition to more flexible roof layouts that can accommodate portrait and landscape module orientations that optimize roof space usage.
"We are excited to launch a solution that provides our customers with the smartest residential AC module solution in the market and reinforces our leadership as a cutting-edge innovator in the solar industry. This new architecture represents a breakthrough from existing AC solutions and a significant improvement from all first generation products, offering our customers measurable value." commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.
About Canadian Solar
Canadian Solar Inc. is one of the world's largest solar companies. As a leading vertically integrated provider of ingots, wafers, solar cells, solar modules 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, Australia, Africa 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.
SOURCE Canadian Solar Inc.