Argand Energy Solutions Selects Canadian Solar for 2.3MW Solar Power Project in North Carolina

 Argand Energy Solutions Selects Canadian Solar for 2.3MW Solar Power Project
                              in North Carolina

PR Newswire

SAN RAMON, Calif. and CHARLOTTE, N.C., July 8, 2013

SAN RAMON, Calif. and CHARLOTTE, N.C., July 8, 2013 /PRNewswire-FirstCall/
--Canadian Solar Inc., ("the Company", "Canadian Solar") (NASDAQ: CSIQ), one
of the world's largest solar power companies, today announced that it was
selected by Argand Energy Solutions for a 2.3MW solar power project in
Louisburg, North Carolina.

Argand Energy Solutions and Horne Brothers Construction, Inc. began
construction of the ground-mounted, utility solar power system on June 3,
2013, with system grid connection targeted for August 2013. Approximately
7,700 of Canadian Solar's CS6X-300P PV Modules will be installed in the solar
power project, capable of supplying enough energy to power about 460 homes
annually upon completion. Fifth Third Bank provided construction financing
for the solar power project.

"Argand is really excited to be starting construction on this project,
especially in light of Governor McCrory's declaration of June as Solar Energy
Month in North Carolina," commented Erik Lensch President & CEO Argand Energy
Solutions, LLC. "We are looking forward to working with landowners in North
Carolina that are interested in converting farmland into an income generating
asset by hosting a solar farm. These types of projects are a win-win for
everyone - the landowner gets income, the county gets more tax revenue, and
North Carolina benefits, as companies like Argand hire and train more workers
for solar installations. Additionally, the United States takes another step
forward towards energy independence and the reduction in the use of carbon
based fuels. Canadian Solar's bankability, global brand recognition, proven
quality and performance were key factors in our confident selection of the
company as our partner for this important solar power project."

The Honorable Pat McCrory, Governor of North Carolina, has declared June 2013
Solar Energy Month in acknowledgement of the State's significant solar energy
potential. According to the Solar Energy Industries Association, North
Carolina ranked fifth in the nation last year for installed solar energy
projects, and is on pace to be ranked fourth in 2013. North Carolina is home
to one of the fastest-growing solar energy industries in the United States,
attracting solar energy developers, installers, manufacturers and related
enterprises. Further, the Governor's proclamation notes that solar
installations create jobs, increase local and state revenue and are
environmentally sound. The official proclamation can be downloaded via URL:
http://governor.nc.gov/sites/default/files/orders-and-proclamations/20130517/Solar%20Month0001.pdf

"We are pleased to be selected by Argand Energy Solutions for this attractive
project, as we continue to expand our presence in the important U.S. market,"
said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. "Argand Energy
Solutions, like Canadian Solar, has a fast growing presence in the solar power
market, with a highly experienced team and commitment to excellence."

About Canadian Solar

Founded in 2001 in Canada, Canadian Solar Inc. (NASDAQ: CSIQ) is one of the
world's largest and foremost solar power companies. As a leading vertically
integrated provider of solar modules, specialized solar products and solar
power plants with operations in North America, South America, Europe, Africa,
the Middle East, Australia and Asia, Canadian Solar has delivered more than
5.0 GW of premium quality solar modules to customers in over 50 countries.
Canadian Solar is committed to improve the environment and dedicated to
provide advanced solar energy products, solutions and services to enable
sustainable development around the world. For more information, please visit
www.canadiansolar.com

About Argand Energy Solutions

Argand Energy Solutions and its affiliates have been providing solar energy
products and services since 2006. The company has served a variety of
commercial, institutional, and residential clientele including a number of
colleges, universities, state and local governments. Services include but are
not limited to, solar project development and third party ownership, system
design, inspection, installation, and maintenance and monitoring. For more
information about Argand Energy Solutions, visit www.ArgandEnergy.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 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 the Canadian markets; changes in customer order patterns; capacity
utilization; pricing pressure and declines in average selling prices; delays
in 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's SEC filings, including its annual report
on Form 20-F filed on April 26, 2013. 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, and Canadian Solar undertakes no duty to update
such information, except as required under applicable law.

SOURCE Canadian Solar Inc.

Website: http://www.canadiansolar.com
Contact: For Canadian Solar: Investor Relations: Ed Job, CFA, Director,
Investor Relations, ir@canadiansolar.com, or Global IR Partners, David
Pasquale, P: (+1) 914-337-8801, csiq@globalirpartners.com, or Media Contact:
Canadian Solar: Songul Atacan, Songul.atacan@canadiansolar.com, or For Argand
Energy Solutions, LLC: Erik Lensch, President & CEO, P: (+1) 919-636-8320,
erik.lensch@argandenergy.com
 
Press spacebar to pause and continue. Press esc to stop.