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 43MW of photovoltaic ("PV") modules to the second largest solar power plant project in Japan.
"We are proud to announce this large module supply agreement to provide our high efficiency modules to the second largest solar power plant in Japan, which is another significant milestone for Canadian Solar in this important market," commented Dr. Shawn Qu, Chairman, President and CEO of Canadian Solar, "This win further demonstrates our strong position as a global tier 1 solar module supplier with proven track record of delivery high efficiency and quality modules to large solar power projects across the globe."
Canadian Solar will supply approximately 168,300 pieces of its 60 cell high efficiency CS6P255P modules with power output of 255Wp for this project. Module delivery is expected to start from May 2014 and to be completed in February 2015.
The quality of Canadian Solar modules is substantiated by one of the highest PTC ratings out of over 12000 P-type crystalline modules published on the Go Solar California website. In addition, Canadian Solar modules also demonstrate higher energy yield of up to 5% compared with products from other Tier 1 module suppliers, according to PVSYST's system performance simulation.
 The PTC rating is used by the California Energy Commission to compile a list of solar modules that are eligible to participate in solar incentive programs in the State of California. The PTC rating is calculated using laboratory-tested parameter values and is generally recognized as a more realistic measure of PV module power output because the test conditions better reflect "real-world" solar and climatic conditions, compared to the STC (Standard Test Conditions) rating.
 PVSYST is a widely used software for modeling PV energy production or yield estimates for all PV systems. Yield simulations can be performed for sites at any location in the world where meteorological data is available.