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.
Safe Harbor/Forward-Looking Statements
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.
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SOURCE Canadian Solar Inc.