GUELPH, Ontario, June 14, 2018 /PRNewswire/ -- Canadian Solar Inc.
(the "Company", or "Canadian Solar"), one of the world's largest
solar power companies, announced it will introduce the global
launch of its next generation solar modules at Intersolar Europe
which will be held from June 20 - 22,
2018 in Munich, Germany.
The Company's Chairman and CEO Dr. Shawn
Qu will inaugurate BiKu, HiKu and HiDM modules during an
exclusive event.
Canadian Solar's BiKu modules are at the forefront of high
efficiency dual-cell bifacial modules in the industry. Its poly
bifacial modules have up to 365 W power output on the front side
and 75% bifaciality. It can increase energy yield by up to 30% with
backside contributions under certain albedo, thus lowering LCOE
dramatically. Canadian Solar's BiKu modules will certainly help you
maintain IRR on your project investment, in case project PPA
decreases year after year.
HiKu poly modules are developed specially for utility market
with power output exceeding 400 W. This product uses the latest
high efficiency cell technology, coupled with Canadian Solar's Ku module technology. HiKu modules
can reduce EPC cost of solar projects in terms of lower BOS and
installation costs.
HiDM (High-Density Module) is the shingle-type of module with
Canadian Solar's unique IP-granted design features. It enhances
module power density with module efficiency reaching up to 20.2%.
The power output of a 60-cell mono HiDM module can reach 335 MW,
about 10% higher than a standard full cell mono PERC module.
In addition, the design of HiDM modules have much better physical
appearance and less shadow effect on electricity generation.
HiDM modules, with high wattage, appealing aesthetics and good
shading tolerance, are one of the best products for rooftop systems
where the space is limited and where shadowing is unavoidable.
BiKu, HiKu and HiDM modules will be on display at Canadian Solar
Booth A1.480 during Intersolar.
For product inquires, please contact us
at HiKu@canadiansolar.com, BiKu@canadiansolar.com, HiDM@canadiansolar.com.
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 17 years,
Canadian Solar has successfully delivered over 27 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.
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 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 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.