This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Canadian Solar Modules Installed In Pennsylvania's Largest Solar Energy Installation

SAN RAMON, Calif. , Oct. 16, 2012 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (the "Company", "we" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, today announced its modules have been installed in a 5MW (AC) solar plant located in a dense agricultural area of Lancaster County, Pennsylvania. The environment-friendly solar project, dubbed Keystone, was developed by Community Energy Solar and constructed by groSolar. Canadian Solar utility-scale MaxPower modules are part of the unique installation by Community Energy, which was adapted with an organic perspective to preserve and improve the farmland the installation resides on. The solar panels are installed on driven posts without concrete to avoid soil disturbance and specific ground cover was selected to maintain and improve the organic soil content.



Exelon Generation and Community Energy's retail marketing division committed to buy the output and backed the financing for the project, which will supply green electricity to customers who sign up for a share of the generation. Several high-profile customers have already endorsed the program including the Philadelphia Phillies, the Clean Air Council, Franklin & Marshal College, Drexel University, Eastern University, Marywood University, Millersville University, and Juniata College .

"The Keystone solar energy project is another example of a long list of utility-scale solar projects that continue to drive job employment across the United States," said Alan King, general manager of Canadian Solar USA. "This project sets an example of how a solar installation can support a community by providing benefits on multiple levels, in addition to generating long-term clean energy."  

The 20,000 Canadian Solar 290 watt modules are installed on fixed tilt, ground-mounted aluminum racking and are interconnected to the PPL Electric grid.  The solar energy system will supply approximately 7.5 million kilowatt hours per year of electricity, or enough energy to power 653 homes. The installation offsets 5,625 tons of emissions annually, the equivalent sequestration of 28,125 trees per year.

"This is the greenest of the green—local jobs building fuel-free power that will last for decades," said Brent Beerley, Executive Vice President of Community Energy. "Forward-thinking retail electric customers, backed by Exelon Generation on wholesale, and leadership from East Drumore township, the State of Pennsylvania, and the PA Sustainable Energy Fund were all part of making this happen, and we're under construction with an experienced team led by contractor groSolar using  Canadian Solar modules.  We couldn't be happier with the team," he said.

A ribbon-cutting ceremony for the Keystone project will be held today at 10 a.m. EST, dedicating the new installation and providing an educational session on how solar is the future of new energy.  

About Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world'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, 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.



Stock quotes in this article: CSIQ 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs