Canadian Solar Moves Headquarters to Kitchener, Ontario

Monday, Sep 28, 2009

KITCHENER, Canada, Sept. 25 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (NASDAQ:CSIQ) , a leading provider of vertically integrated solar cells, solar module and custom-designed solar application products, today unveiled its new global headquarters in Kitchener, ON, at 650 Riverbend Dr., further underscoring its commitment to maintain and deepen its relationship with the Canadian solar solution market.

Canadian Solar is a $700M (US) company and has operations in seven different countries around world. The Canadian Solar management team has extensive experience in managing large, complex projects that require precision planning and execution. The new headquarters in Kitchener, Ontario will be the hub of testimony, education and guidance on a wide range of turnkey solar solutions and opportunities.

Dr. Shawn Qu, Chairman and CEO, Canadian Solar Inc. remarked, "The opening of this permanent headquarters is a milestone in our continuing relationship with the Canadian market. Our new headquarters is the symbolic foundation of our respect and determination to be a fully integrated and reliable solar turnkey solutions provider in Canada."

Canadian Solar's headquarters is located in Canada's first C-2000 office building, called Green on the Ground, which further reflects the Company's dedication to energy efficiency and environmental responsibility.

Canadian Solar has made strong strides towards being recognized as a leading provider of vertically integrated solar solutions, including developing complete turnkey hardware solar solutions catering to the Ontario commercial and residential Feed-in-Tariff market.

"We are extremely proud of the Ontario government and congratulate them for pursing the Feed-in-Tariff aggressively as it propels Ontario as the green energy leader," Dr. Qu added. "Canadian Solar supports the benefits of conservation and renewable energy in Ontario and our business plan reflects those very same qualities."

About Canadian Solar Inc. (NASDAQ:CSIQ)

Founded in 2001, Canadian Solar Inc. is a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications. Canadian Solar designs, manufactures and delivers solar products and solar systems for on-grid and off-grid use to customers worldwide. Canadian Solar is one of the world's largest solar module producers by manufacturing capacity. With operations in North America, Europe and Asia, Canadian Solar provides premium quality, cost-effective and environmentally- friendly solar solutions to support global sustainable development. Canadian Solar is incorporated in Ontario, Canada with headquarters in Kitchener, Ontario. For more information, visit http://www.canadian-solar.com .

"Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on June 8, 2009. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law."

Source: PR Newswire