GUELPH, Ontario, May 14, 2019 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or
"Canadian Solar"), (NASDAQ: CSIQ), one of the world's largest solar
power companies, today announced it will showcase its next generation solar modules -
BiHiKu (polycrystalline bifacial), HiKu (polycrystalline exceeding
400 Watts), and HiDM All-Black (monocrystalline PERC) - at Intersolar Europe from May 15 - 17,
2019 in Munich, Germany.
BiHiKu bifacial polycrystalline
dual-cell is a module based on Canadian Solar's industry-leading
bifacial cell technology and extensive double glass module
manufacturing know-how. The achievement is a new generation of high
efficiency bifacial modules with both sides producing power at the
same time. BiHiKu's front side output can reach up to 410W,
while its bifaciality (percentage of rear side to front side power)
is as high as 70%. BiHiKu modules generate up to 30% more power
than conventional modules under certain installation conditions,
dramatically lowering Levelized Cost of Electricity (LCOE).
HiKu is the first polycrystalline module
exceeding 400W, thus reaching one of the highest module power
outputs in the solar industry. HiKu modules can also reduce
the LCOE of solar power projects.
HiDM All Black is a high-density
module of up to 420W with a very appealing homogeneous black
surface. It is an ideal solution for residential rooftop
installations. By maximizing the light absorption area, the module
efficiency can reach up to 20.37%.
Both Canadian Solar's poly and mono modules have very low LeTID
(light and elevated temperature-induced degradation) based on the
third party testing. LeTID is a new degradation mode found in most
of the high efficiency modules in high working temperature.
Canadian Solar is one of the world's leading companies in LeTID research and has
successfully developed its unique anti-LeTID technology to
guarantee its advanced modules' superb performance in the
field.
Visit our booth A1.480 at Intersolar Europe, May 15 - 17,
2019 in Munich, Germany to learn
more about Canadian Solar and its latest innovations.
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest and
foremost solar power companies. It is a leading manufacturer of
solar photovoltaic modules and provider of solar energy solutions
and has a geographically diversified pipeline of utility-scale
power projects in various stages of development. Over the past 18
years, Canadian Solar has successfully delivered over 32 GW of
premium quality modules to customers in over 150 countries around
the world. 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 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; delays in
the completion of project sales; 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 25, 2019. 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.