Canadian Solar Provides Solar Modules for alpincenter Hamburg-Wittenburg PV Project Fully Uses Own Power Production, no EEG Subsidies Required

ONTARIO, Canada, Sept. 24, 2012 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, provided the solar modules for one of Europe's largest skiing halls. The PV rooftop installation on the alpincenter in Hamburg-Wittenburg, Germany, uses Canadian Solar modules with a total output of 3.6 MW. The winter sports center's operator reaps a double benefit: using the self-produced solar power significantly offsets energy costs while at the same time reducing the power needed to run the cooling system thank to the shadowing effect underneath the solar system.

The owner, the Dutch Van der Valk Group, was facing the challenge of significantly reducing the energy costs for operating the building, which features 30,000 m² of ski slopes. Installing the structure-mounted rooftop system allows to operate the facility during 365 days a year, using only the self-generated power. This makes the operators independent from the public grid and EEG subsidies. A side benefit of the PV system: the shadow it produces on the roof results in a 50 percent lower surface temperature. This drastically reduces the load on the cooling technology which keeps the indoor temperature at -1 degree Celsius throughout the year, translating into lower energy consumption. The project was planned and implemented by Hamburg-based project company Dr. Metje Consulting.

"For a rooftop system of this scale, efficiency and quality of the modules are paramount. Particularly for the alpincenter Hamburg-Wittenburg, which wanted to completely cover their energy demand by the self-produced power, performance losses are not tolerable," said Dr. Christian Metje of Dr. Metje Consulting.

"Projects like the alpincenter Hamburg-Wittenburg are the future of solar energy: PV systems that cover the facility's complete energy demand and that do not depend on public subsidies. It is a particular proof of photovoltaic efficiency that a winter sports center – which needs great amounts of energy - uses solar power. We are therefore extremely proud our modules are now deployed in Wittenburg," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar.

About Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world's largest solar companies. As 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 system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe, Africa, Australia and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, please visit www.canadiansolar.com.

Safe Harbor / Forward-Looking Statements

Certain statements in this press release 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 the risks regarding the previously disclosed SEC investigation as well as general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies 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; 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 filed on April 27, 2012. 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 Canadian Solar Inc.



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