GUELPH, Ontario, Nov. 11, 2015 /PRNewswire/ --Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that the company served as the sole supplier of PV modules for the 2.5 MW solar plant located in the city of Moncagua, in El Salvador, Central America. In total, the facility consists of 8,436 Canadian Solar MaxPower CS6X-310P solar modules. Together with AES El Salvador, a leading global provider of distributed energy, Canadian Solar's contribution to this solar facility will positively impact the local climate and region.
"AES Moncagua is the second renewable generation project built by AES in El Salvador under a vision of environmental sustainability and energy diversification. These projects are testimonies of our commitment to sustainable power generation in the country. Meanwhile, we are introducing state-of-the-art clean energy technologies to El Salvador," said AES El Salvador's Executive President, Abraham Bichara.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "With Canadian Solar's continued growth in the Mexico, Caribbean, and Central American region, we are proud to have taken part in the building of this solar plant in El Salvador. The market potential for renewable energy in this area is tremendous within Latin America over the next several years."
About Canadian Solar Inc.
Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. In the past 14 years, Canadian Solar has successfully deployed over 12 GW of premium quality modules in over 70 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publically listed on NASDAQ since 2006. For additional information about the company, follow Canadian Solar on Facebook, Twitter, LinkedIn, or on the website.
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 general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of solar grade silicon; demand for solar products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand in our project markets, including Canada, the U.S., Japan and China; changes in customer order patterns; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; utility-scale project approval process delays; utility-scale project construction delays; utility-scale project cancelation due to failure to obtain all the necessary permits; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; trade protectionism in Europe, the U.S. and India; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 23, 2015. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors 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.