June 4, 2007

Jiangsu, China: Canadian Solar and City Solar AG Partner on Large-Scale Solar Farm Projects

Chinese solar cell and module manufacturer, Canadian Solar has commenced delivery of solar modules to City Solar AG, Germany for a series of large-scale, ground-mounted solar farm projects.

The deliveries are part of an annual project sales contract CSI signed with City Solar in January, 2007 to supply approximately 31 MW of solar modules to 7 specific projects in Germany and Spain. About half of the projects are expected to be completed before December 31, 2007. The contract is worth approximately 80 to 90 million Euro.

CSI expects to deliver 4.2MW solar modules by July 2007 for the first project in Germany. Deliveries for the other projects are expected to start in June and July, 2007.

Dr. Shawn Qu, CEO of CSI, commented, "We continue to execute our two-leg strategy in sales, which emphasizes long-term partnerships with both tier-one regular distributors and top-notch project-based companies. Our collaboration with City Solar clearly demonstrates the success of this strategy. Project-based channel sales like this one allow us to plan our production several quarters ahead, in order to provide stability to both CSI and its customers."

Mr. Steffen Kammler, CEO of City Solar, AG, commented, "City Solar's vast experience in multi-MW scale solar project development, planning and implementation, brings turn-key solutions to commercial renewable energy investors. We have developed unique mounting and panel matching technologies. Combining our expertise with the outstanding quality of CSI modules will help us to provide the best-performing and the most cost-effective solar systems to the market place."

Further details about: Canadian Solar and City Solar AG