GUELPH, Ontario, Nov. 12, 2013 /PRNewswire-FirstCall/ -- Canadian
Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one
of the world's largest solar power companies, today announced that
it has recently completed a delivery of 2.3MW of photovoltaic
("PV") modules to a consortium of companies in Kayseri Organized
Industry Area, (BESLER Tekstil San. ve Tic. A.S and HASCELIK
ve Halat San. ve Tic. A.S.) for a
solar power project located in Kayseri, Turkey.
"Considering that the cumulative installed PV capacity in
Turkey since 1996 is just 6 to 7
MW it is clear that with these two sales contracts, Canadian Solar
has reached a milestone in this important emerging market. Combined
with our previous success stories, including the first solar PV
project to be connected to the grid, we continue to build our
momentum in Turkey," said Dr.
Shawn Qu, Chairman and Chief
Executive Officer of Canadian Solar.
"Before deciding on the appropriate panel supplier for this
project, the consortium visited several panel manufacturers in
Europe and Asia, and decided to use Canadian Solar panels
because of our track record of quality and reliability as well as
superior customer service," added Dr. Qu.
Canadian Solar will supply its high efficiency 60 cell CS6P250P
modules with power output of 250Wp for the project. The Company's
250Wp CS6P-P modules outperform competing 60 polycrystalline cell
module brands in the market, producing close to 5% more power
annually according to PVsyst PV system simulation. In addition, all
Canadian Solar modules come with a 10-year material warranty and a
25-year linear power output performance guarantee backed by a
third-party insurance policy under-written by leading insurance
companies.
For commercial inquiries please contact:
Eren Engur, General Manager
Canadian Solar Middle East Ltd.
Phone: +90-532-664-8245 or +971-506-164-181
Email: eren.engur@canadiansolar.com
About BESLER Tekstil San. ve Tic. A.S
BESLER Tekstil San.ve Tic.A.S. is one of the leading
producers and exporters of 100% cotton carded and combed RING yarn,
with 25 tons of daily production capacity, since 1998.
BESLER Tekstil is carrying out its activities on 16,000 sq. meters
of covered area with 260 experienced employees. For the importance
of Renewable Energy and saving energy purposes, also completed
another investment for ROCKWOOL production line named
RAVABER Company, which produces 60,000 tons/year capacity of
isolation & construction materials.
About HASCELIK ve Halat San.
ve Tic. A.S.
HASCELIK ve Halat San. ve Tic.
A.S. (HASCELIK) was established in Kayseri, TURKEY in 1989, mainly engaged in production
of steel strand for cable sector. Along with the modernizing
of machines and thanks to new additional investments, HASCELIK
expanded its product range according to World Standarts EN, ASTM,
API etc. HASCELIK's high service quality has been proved by
such certificates as TSE ISO 9000
Quality Certificate, TUV SUD certificate for elevator ropes,
TSE-ISO-14000 verifying the sensitivity to environment, and many
international quality-process certificates especially for some
products showing the proved service quality by domestic and
foreign foundations.
About Canadian Solar
Founded in 2001 in Canada,
Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world's largest
and foremost solar power companies. As a leading vertically
integrated provider of solar modules, specialized solar products
and solar power plants with operations in North America, South
America, Europe,
Africa, the Middle East, Australia and Asia, Canadian Solar has delivered more than
5GW of premium quality solar modules to customers in over 70
countries. Canadian Solar is committed to improve the environment
and dedicated to provide advanced solar energy products, solutions
and services to enable sustainable development around the world.
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 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 in our project markets, including Canada; changes in customer order patterns;
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;
utility-scale project approval process; delays in utility-scale
project construction; 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 26, 2013. 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.