09/16/2014

Canadian Solar Announces 1.5 MW Solar Module Supply Agreement in Jordan

Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has been awarded a module supply agreement to provide 1.5 MW of photovoltaic ("PV") modules to Kawar Energy for a rooftop solar power project located in a university in Amman, Jordan.

"We made the decision to work with Canadian Solar on the largest solar power rooftop project in Jordan as we trust the quality and performance of its solar modules, as well as its track record of success delivering modules to large scale solar power projects worldwide. These attributes make Canadian Solar a perfect fit for our project needs," said Hanna Zaghloul, CEO of Kawar Energy. "We look forward to continuing our partnership with Canadian Solar."

"We are delighted to partner with Kawar Energy to supply our high efficiency modules to this project. Our quality and reliability makes Canadian Solar stand out from the competition, and we are pleased to win this important module deal in Jordan," commented Dr. Shawn Qu, Canadian Solar's Chairman and Chief Executive Officer. "This agreement is a testament to Canadian Solar's success in emerging markets and it once again underscores our proven track record of delivering top quality modules to solar power projects around the world."

Canadian Solar will supply its high efficiency 72 cell CS6X300P modules with power output respectively of 300Wp to this project. All Canadian Solar modules come with a 10-year material warranty and a 25-year linear power output performance guarantee backed by a third-party insurance policy under-written by leading insurance companies.

Source: Canadian Solar/canadiansolar.com