28.02.13

Canadian Solar: Sales Agreement for Projects in Tanzania

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Ontario, Canada - Canadian Solar, one of the world's largest solar companies, today announced a 85 kW sales agreement with Zara Solar, a company from Tanzania specialized in solar PV importing, retail and installations. Including this new order, Canadian Solar will have supplied more than 350 kW of its solar modules to Zara Solar for off-grid PV projects in Tanzania.

Canadian Solar's off-grid solar modules between 15 and 90 kW are used for these projects. The modules are ideally suited for the local environmental conditions. "What convinced us to choose Canadian Solar was its proven performance and reliability, high quality and commitment to excellence. Additionally, we focus on long-term relationships with trustworthy partners. We also stress experience, an extended track record and a very good customer service. Canadian Solar excels in all of our required criteria," said Mohamedrafik Parpia, founder and owner of Zara Solar.

Zara Solar offers a wide range of solar PV products and systems for Tanzania for a broad variety of fields of implementation. The company's highly-trained solar electricians emphasize secure and high-quality systems and install economical off-grid solar power solutions. Zara Solar solar systems provide clean electricity to homes and communities without access to a stable grid or for emergency power supply in blackout situations. Tanzania is an attractive solar growth market. While only about 15 percent of the country's population has access to electricity, Tanzania ranks among the world's top 10 countries for solar irradiation.

"We are very pleased about our agreement with Zara Solar, a leading solar PV company in the Tanzanian market.  We are excited to further build our presence in this emerging marketplace for sustainable energy solutions. Our leadership, quality and cost benefits enable us to work with the best partners in important markets worldwide," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. "Together with Zara Solar, we can promote the use of solar PV by municipal organizations and commercial businesses in rural communities throughout Tanzania."

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, Middle East, 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.

SOURCE: Canadian Solar Inc.

Contact:
Ed Job, CFA, Director, Investor Relations, Canadian Solar Inc., ir@canadiansolar.com; Daniel Heck, Sr. Director, EMEA Marketing, Canadian Solar Inc., daniel.heck@canadiansolar.com; David Pasquale, Global IR Partners, +1-914-337-8801, csiq@globalirpartners.com
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