GUELPH, Ontario, Sept. 25, 2017 /PRNewswire/ --
Canadian Solar Inc. (the "Company", or "Canadian Solar")
(NASDAQ: CSIQ), one of the world's largest solar power companies,
today announced that Canadian Solar Infrastructure Fund, Inc.
("CSIF") has obtained approval from the Tokyo Stock Exchange, Inc.
(the "TSE") to list its investment units on the TSE's
infrastructure investment fund securities market. Similar to
the J-REIT market, the TSE established the infrastructure fund
market in 2015 for the listing of funds that invest in
infrastructure assets including renewable energy facilities.
Canadian Solar Projects K.K., a wholly owned subsidiary of
Canadian Solar, will be the sole sponsor ("Sponsor") of
CSIF. CSIF will serve as a long-term investment vehicle for
primarily solar energy project assets.
Affiliates of Canadian Solar intend to sell 13 solar energy
projects in Japan, with total
installed capacity of 72.7 MWp, to CSIF as its initial
portfolio. Canadian Solar Asset Management K.K., a wholly
owned subsidiary of the Sponsor, will manage CSIF's solar energy
projects as its asset manager. Canadian Solar O&M Japan K.K., a
wholly owned subsidiary of the Sponsor, will provide operation and
maintenance services to CSIF.
Canadian Solar has been operating in the Japanese market since
2009.
This announcement is not an offer of securities for sale
in the United States or any other jurisdiction.
Securities may not be offered or sold in the United States absent registration or an
exemption from registration. Any public offering of securities
to be made in the US will be made by means of a prospectus.
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 a provider of solar energy solutions, Canadian Solar
has a geographically diversified pipeline of utility-scale power
projects in various stages of development. In the past 16 years,
Canadian Solar has successfully delivered over 22 GW of premium
quality modules to over 100 countries around the world.
Furthermore, Canadian Solar is one of the most bankable companies
in the solar industry, having been publically listed on NASDAQ
since 2006. For additional information about the company, follow
Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Canadian Solar's 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 results, 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; cancelation
of utility-scale feed-in-tariff contracts in Japan; continued success in technological
innovations; litigation; and other risks as described in the
Company's SEC filings, including its annual report on Form 20-F
filed on April 27, 2017. 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.