Canadian Solar Announces New Sales Agreement for Solar PV Projects in Tanzania

Canadian Solar Announces New Sales Agreement for Solar PV Projects in Tanzania

PR Newswire

ONTARIO, Canada, Feb. 27, 2013

ONTARIO, Canada, Feb. 27, 2013 /PRNewswire-FirstCall/ -- Canadian Solar (the
"Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest
solar companies, today announced a 85 kW sales agreement with Zara Solar, a
company from Tanzania specialized in solar PV importing, retail and
installations. Including this new order, Canadian Solar will have supplied
more than 350 kW of its solar modules to Zara Solar for off-grid PV projects
in Tanzania.

Canadian Solar's off-grid solar modules between 15 and 90 W are used for these
projects. The modules are ideally suited for the local environmental
conditions. "What convinced us to choose Canadian Solar was its proven
performance and reliability, high quality and commitment to excellence.
Additionally, we focus on long-term relationships with trustworthy partners.
We also stress experience, an extended track record and a very good customer
service. Canadian Solar excels in all of our required criteria," said
Mohamedrafik Parpia, founder and owner of Zara Solar.

Zara Solar offers a wide range of solar PV products and systems for Tanzania
for a broad variety of fields of implementation. The company's highly-trained
solar electricians emphasize secure and high-quality systems and install
economical off-grid solar power solutions.Zara Solar solar systems provide
clean electricity to homes and communities without access to a stable grid or
for emergency power supply in blackout situations. Tanzania is an attractive
solar growth market.While only about 15 percent of the country's population
has access to electricity, Tanzania ranks among the world's top 10 countries
for solar irradiation.

"We are very pleased about our agreement with Zara Solar, a leading solar PV
company in the Tanzanian market. We are excited to further build our presence
in this emerging marketplace for sustainable energy solutions. Our leadership,
quality and cost benefits enable us to work with the best partners in
important markets worldwide," said Dr. Shawn Qu, Chairman and CEO of Canadian
Solar. "Together with Zara Solar, we can promote the use of solar PV by
municipal organizations and commercial businesses in rural communities
throughout Tanzania."

About Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) is one of theworld's largest solar
companies. As a leading vertically integrated provider of ingot, wafer, solar
cell, solar module 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, Africa, Middle East, Australia and Asia, Canadian Solar
provides premium quality, cost-effective and environmentally-friendly solar
solutions to support global, sustainable development. For more information,
please 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 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
Contact: Ed Job, CFA, Director, Investor Relations, Canadian Solar Inc.,
ir@canadiansolar.com; Daniel Heck, Sr. Director, EMEA Marketing, Canadian
Solar Inc., daniel.heck@canadiansolar.com; David Pasquale, Global IR Partners,
+1-914-337-8801, csiq@globalirpartners.com
 
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