Canadian Solar Starts Construction of a 10 MWp Solar Power Plant in Germany

GUELPH, ON, Aug. 4, 2020 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) announced today it commenced the construction of the 10 MWp Groß Siemz solar power plant in Germany.

The project is located on an 11-hectare area next to the highway A20 Groß Siemz, near the city Schönberg in Mecklenburg-Western Pomerania, Northern Germany. Canadian Solar is the turnkey solutions provider for the PV plant, responsible for most of the project execution including the design, engineering, procurement and construction, and will be powering the solar plant with over 22,900 pieces of Canadian Solar high-efficiency mono-PERC modules. GS Solar GmbH & Co. KG, the customer and project owner, will connect the plant to the grid in October 2020 and Canadian Solar will provide the operations & maintenance ("O&M") services.

Once operational, the PV plant will generate approximately 10 GWh of clean and reliable solar energy annually, enough to meet the needs of over 3,000 households. Through the project lifetime, it is expected to displace approximately 90,000 metric tons of CO2-equivalent emissions.

Dr. Shawn Qu, Chairman and CEO, commented, "As a top-tier solar module brand and global project developer with strong technical and financing capabilities, providing turnkey solutions and O&M services is a natural extension of Canadian Solar's unique value proposition. We now have more than 3 GW of operational or contracted O&M agreements across the world. We are proud to share our extensive expertise in the solar industry and to provide one-stop-shop solutions to our customers."

About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest 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 solar power projects in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 43 GW of premium-quality, solar photovoltaic modules to customers in over 160 countries. 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.

Canadian Solar Inc.
CONTACT: Canadian Solar Inc. Contacts: Isabel Zhang, Investor Relations, Canadian Solar Inc., investor@canadiansolar.com; David Pasquale, Global IR Partners, Tel: +1-914-337-8801, csiq@globalirpartners.com
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