MILANO, Italy, Feb. 22, 2011 /PRNewswire-Asia-FirstCall/ -- Canadian Solar (Nasdaq: CSIQ), one of the world's largest solar companies, in partnership with Energy Resources, has provided modules used in the creation of SolarLAB2, an open-air solar laboratory intended to study the integration of photovoltaic technology for prefabricated roofing. Built by Baraclit, a leader in industrial and commercial prefabricated roofing, at its headquarters in Bibbiena near Arezzo, SolarLAB2 is now one of Italy's largest and most innovative roof-integrated photovoltaic installations.
Built under Baraclit's b.POWER division, the new solar laboratory is divided into 4 sections with a total peak capacity of 2.5 MWp and is to produce 2,900,000 kWh of energy annually. The system is built on a surface of 31,700 sq. m. (the panels cover 17,000 sq. m), with more than 11,000 photovoltaic modules from Canadian Solar. Approximately 58% of the modules are made with polycrystalline cells and 42% with monocrystalline cells. These high-output performing Canadian Solar modules achieved top PVUSA rating (PTC) in California.
"Our trust in Canadian Solar stems from the company's proven track record, high quality and ability to respond to our needs with an integrated offer that includes highly efficient, top-quality products," said Luca Bernardini, Head of the b.POWER Division and Marketing Manager at Baraclit. "In tests carried out in our laboratories, the CS6P modules proved to be high-end performers and this was the determining factor for us to choose Canadian Solar. Their excellent quality-price ratio also enables us to deliver the best product and value to our customers in the prefabricated roofing market."
"We are proud to partner with Baraclit and Energy Resources in developing SolarLAB2 as innovative and integrated photovoltaic systems for commercial and industrial buildings in Italy. This innovative solution clearly demonstrates that photovoltaic technology can be integrated into and applied to industrial construction. Italy has always been an important market for Canadian Solar and we are positioned for further growth in there," said Dr. Shawn Qu, the CEO of Canadian Solar.
For this project, Baraclit b.POWER and Energy Resources, leading company operating in the field of renewable energies, required the installation of photovoltaic modules on suitable shed roofing and flat roofing (pointing 12 degrees south west) with a pitch of between 10 and 35 degrees (according to the type of construction system) in order to ensure constantly elevated exposure to the sun's rays throughout the year.
For further information on Baraclit and on Canadian Solar, please visit the following
Canadian Solar Inc. 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 and Asia, Canadian Solar provides premium quality, cost-effective and environmentally- friendly solar solutions to support global, sustainable development. For more information, 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 and internal investigations as well as general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; the availability 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 August 19, 2010. 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.