Canadian Solar Modules Continue to Be Recognized for Top PV USA Ratings
"Canadian Solar is pleased to have received some of the industry's highest PTC rankings for our high-quality solar products. Canadian Solar modules power critical energy projects around the world, and are selected for their efficiency and long-term reliability," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. "The PTC rankings validate what our partners and customers have come to know -- that Canadian Solar modules are amongst the best performing modules in real-world conditions."
The PTC measurement, a mandatory test in the State of California, measures a PV system's power output at atmospheric conditions that closely resemble true solar and climatic variable conditions. A higher PV rating indicates higher actual production on-site per-watt installed, which translates directly into higher rebates for system owners.
For more information about the High Performance CS modules, please visit http://www.canadiansolar.com .
About Canadian Solar High Power CS Series
The Canadian Solar CS series leads the industry in PV USA testing. According to CEC listing data(1), Canadian Solar ranks amongst industry's highest per Watt PTC ratings (CS6P-230P for 91.74%, CS6P-225P for 91.69%, CS6P-220P for 91.64%, and CS5P-240M for 91.13% and CS5A-180M for 91.11%) among key module manufacturers with mainstream P-type silicon technology. PTC ratings more closely simulate real-world solar and climatic conditions than Standard Test Condition (STC) ratings for a more accurate indication of performance and a PV system's power output. All ratings in the list are in DC (direct current) watts.
(1) *Resource: Go Solar California, List of Eligible SB1 Guidelines Compliant Photovoltaic Modules http://www.gosolarcalifornia.ca.gov/equipment/pvmodule.html .
About Canadian Solar Inc. (NASDAQ: CSIQ)
Canadian Solar Inc. is 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 systems for on- grid and off-grid use to customers worldwide. Canadian Solar is one of the world's largest solar module producers by manufacturing capacity. With operations in North America, Europe and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, visit http://www.canadiansolar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements 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, including customers of our silicon materials sales; changes in demand from major markets such as Germany and Canada; risks associated with building our new Ontario facility; 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; 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 originally filed on June 8, 2009, as amended by its report on Form 20-F/A filed on October 14, 2009. 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.