Canadian Solar Supplies Modules to Major Project in Nicaragua

Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, announced that it completed the supply of 3.1 MW of CS6X-300P modules to a solar photovoltaic (PV) project in Tipitapa, Nicaragua. This PV plant, entitled Planta Solar Zona Franca Astro Nicaragua, will power 26 companies and supply approximately 30% of total energy consumption for the Zona Franca Astro Nicaragua industrial park.

Financed by two local banks, Centro America Renovables and Energia Solar Aplicada, the PV plant will be completed in 2014. At its completion, this plant will become the largest private solar farm among industrial parks in Central America, as well as the largest private grid-connected solar array in Nicaragua. Planta Solar Zona Franca Astro Nicaragua will create over one hundred local jobs and contribute significantly to the region's local renewable energy efforts.

Mr. Gregorio Kim, General Manager in Astro Nicaragua, S.A. said, "After evaluating several different PV module suppliers, we chose Canadian Solar because of the company's excellent quality, performance, and experience in global solar projects. In addition, Canadian Solar's dedicated post-sales team gives security to financial entities."

"As a leading developer of worldwide solar projects, Canadian Solar's corporate operations span over fifteen countries," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. "The market outlook for Canadian Solar in Central America is robust, and we expect our opportunities in this region will continue to expand in 2015 and beyond. We are pleased with the successful completion of this solar project and the positive impact that Canadian Solar has had on the local economy in Nicaragua."

Source: Canadian Solar/canadiansolar.com