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Canadian Solar Announces 12.6 MW Solar Module Supply Agreement In Turkey





GUELPH, Ontario, June 30, 2014 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has recently signed a sales contract to supply 12.6MW of photovoltaic ("PV") modules to Kayseri Organized Industry Zone (KOIZ) and a consortium of companies in KOIZ,  (BESLER Tekstil San. ve Tic. A.S and HASCELIK Group of companies- Hascelik Cable, Coreal Cable and Metal Matris) for a solar power project located in Kayseri, Turkey.

"We are very proud to announce this 12.6MW module supply agreement which is our largest deal ever in Turkey, making it a new milestone in this important emerging market. It is the second deal we made with the aforementioned customers to whom we supplied 2.2MW of solar modules at the end of last year," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, "By signing this agreement, we are expanding our presence and solidifying our competitive position in Turkey, which underscores our global leading position as a tier 1 solar module supplier with a track record of providing quality and reliable solar modules to solar power projects across the globe."

Canadian Solar will supply its high efficiency 60 cell CS6P255P and CS6P260P modules with power output respectively of 255Wp and 260Wp for the project. The Company's 255Wp and 260Wp CS6P-P modules outperform competing 60 polycrystalline cell module brands in the market, producing close to 5% more power annually according to PVsyst PV system simulation. In addition, all Canadian Solar modules come with a 10-year material warranty and a 25-year linear power output performance guarantee backed by a third-party insurance policy under-written by leading insurance companies.

About KAYSERI ORGANIZED INDUSTRY ZONE (KOIZ)

KAYSERI ORGANIZED INDUSTRY ZONE (KOIZ) is one of the largest Industrial Zones (area of 24 million sq.mt)  in Turkey which has been active since 1986 in the city of Kayseri-Turkey. There are over 950 companies actively working in the zone with 12 of them are in the list of Turkey's largest 500 companies. The management has been working on the implementation of the Solar power for the last 2 years  to reduce the zone's 86 million kwH/month electricity consumption.

About BESLER Tekstil San. ve Tic. A.S

BESLER Tekstil San.ve Tic.A.Ş.  is one of the leading producers and exporters of 100% cotton carded and combed RING yarn, with 25 tons of daily production capacity, since 1998.  BESLER Tekstil is carrying out its activities on 16,000 sq. meters of covered area with 260 experienced employees. For the importance of Renewable Energy and saving energy purposes, also completed another investment for ROCKWOOL production line named RAVABER Company, which produces 60.000 tons/year capacity of isolation & construction materials on 80000 sq. Meters, with 150 employees since 2007.

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