Canadian Solar Donated Solar Panels to the Mini-Grid System in Congo's Virunga National Park
GUELPH, Ontario, Oct. 12, 2016 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that working together with Empowered by Light, in partnership with the GivePower Foundation, it has donated 30 kW solar panels with 72 poly cell matrix, CS6X-P, to the first mini-grid systems in Virunga National Park -- installed in August 2016.
Located in the Eastern regions of the Democratic Republic of Congo, the Virunga National Park has been a UNESCO World Heritage site since 1979. Virunga National Park is home to a large portion of the world's endangered mountain gorillas, chimpanzees, Okapis, and other rare species. In recent years, many wildlife populations have been damaged by the Congo Civil War and relentless poaching efforts. Due to the efforts by the Virunga park rangers, these numbers have shown signs of reversal, and Canadian Solar is proud to be part of the continued protection efforts.
"Protecting endangered species and environment is every corporate citizen's responsibility. As a founder and a CEO of a world leading PV solution provider, I am happy to be able to empower rangers in their endeavour," commented by Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.
This mini-grid PV system provides electricity to the three security sectors within the conservation, powering security lights, radios, and helping enhance the ranger's ability to protect the park's wildlife, even in remote areas at night.
Contributors to be mentioned are the followings: the Empowered by Light, a non-profit organization that uses renewable energy to improve lives and the environment, the GivePower Foundation, which designed, engineered and installed the solar mini-grids using Tesla battery technology to facilitate the storage and usage of solar energy at night. Goal Zero provided portable solar power systems for the Virunga rangers to use in the field, Conergy provided virtual-reality storytelling for the project, and the Wallace Global Fund provided additional funding.
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 provider of solar energy solutions, Canadian Solar also has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 15 years, Canadian Solar has successfully delivered over 16 GW of premium quality modules to over 90 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
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Certain statements in this press release regarding the Company's expected future shipment volumes, gross margins, business prospects and future quarterly or annual results, particularly the management quotations and the statements in the "Business Outlook" section, 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 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 Japan, the U.S., India and China; 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; delays in utility-scale project approval process; delays in utility-scale project construction; 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 20, 2016. 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. 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.
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