Canadian Solar and Strata Solar Partner on Portfolio of Utility Scale Projects

Canadian Solar and Strata Solar Partner on Portfolio of Utility Scale Projects

PR Newswire

SAN RAMON, Calif., Feb. 25, 2013

SAN RAMON, Calif., Feb. 25, 2013 /PRNewswire-FirstCall/ --Canadian Solar,
Inc., (the "Company," or "Canadian Solar") (NASDAQ: CSIQ), one of the world's
largest solar companies, today announced that it has invested in and partnered
with Strata Solar on a suite of utility-scale solar power projects located in
North Carolina. The projects, developed jointly, will total approximately 85MW
divided amongst 15 unique solar installations.

The first project to be commissioned is Fuquay Farm, a 6.4MW DC project
located in Middle Creek, Willow Springs in Wake County, NC. The project broke
ground in November 2012 and will be commissioned by the end of February. Once
up and running it is expected to create enough renewable energy to power 750
homes and will divert 8.8 million pounds of CO[2] per year.

"Strata Solar is making great strides in bringing solar to North Carolina. We
are thrilled to collaborate with a top tier firm that has a clear commitment
to the future of solar in the region.," said Dr.Shawn Qu, Chairman and Chief
Executive Officer of Canadian Solar."Fuquay Farm is the first of many, and we
look forward to working closely with Strata Solar to generate clean energy for
the residents of North Carolina."

"We are very excited about our partnership with Canadian Solar," said Michael
Cohen, VP Business Development of Strata Solar. "We hold the same values at
our core – long term job growth, promoting energy independence, our national
security, and growing the clean energy base in America. Canadian Solar offers
a world-class product backed up by industry leading executives."

The portfolio of 15 solar power projects mainly consist of 6MW utility scale
solar energy farms, but will also include a 1MW rooftop solar system and a 3MW
farm. The construction will be staggered throughout the year with the entire
portfolio set for completion by the end of 2013. During the first year of
operation, the energy produced by the portfolio will be equivalent to removing
approximately 17,067 passenger cars from the road.

About Canadian Solar Inc. (NASDAQ: CSIQ)

Canadian Solar Inc. is one of the world's largest solar companies. As a
leading vertically integrated provider of ingots, wafers, solar cells, solar
modules and other solar applications, Canadian Solar designs, manufactures and
delivers solar products and solar system solutions for on-grid and off-grid
use to customers worldwide. With operations in North America, Europe,
Australia, Africa and Asia, Canadian Solar provides premium quality,
cost-effective and environmentally-friendly solar solutions to support global,
sustainable development. For more information, visit www.canadiansolar.com.

About Strata Solar

Strata Solar LLC is a leading provider of complete solar energy systems and
installations. In addition to turnkey services for the complete design,
construction and installation of utility and commercial photovoltaic and solar
thermal systems, Strata Solar provides a full array of engineering,
procurement and construction EPC services, separately, as needed, to solar
developers and companies interested in clean renewable energy. Headquartered
in its LEED Silver certified office and showroom in Chapel Hill and expansive
warehouse nearby, Strata Solar also has operations in California. Visit
www.stratasolar.com for more information.

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 the risks regarding 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 in our project markets, including Canada; changes in customer order
patterns; capacity utilization; level of competition; pricing pressure and
declines in average selling prices; delays in new product introduction;
continued success in technological innovations and delivery of products with
the features customers demand; utility-scale project approval process; delays
in utility-scale project construction; shortage in supply of materials or
capacity requirements; availability of financing; exchange rate fluctuations;
litigation and other risks as described in the Company'sSECfilings,
including its annual report on Form 20-F filed onApril 27, 2012. 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. You 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, andCanadian
Solarundertakes no duty to update such information, except as required under
applicable law.

SOURCE Canadian Solar Inc.

Website: http://www.canadiansolar.com
Website: http://www.stratasolar.com
Contact: Ed Job, CFA, Director, Investor Relations, ir@canadiansolar.com, for
Canadian Solar Inc.; David Pasquale, +1-914-337-8801,
csiq@globalirpartners.com, for Global IR Partners; Songul Atacan,
Songul.atacan@na.canadiansolar.com, for Canadian Solar; Darah Roslyn,
+1-415-512-0770, canadiansolar@SchwartzMSL.com, for Schwartz MSL; or, Blair
Schoof, bschoof@stratasolar.com, for Strata Solar
 
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