Canadian Solar Gets Contract Offers From OPA For 176MW Projects

Canadian Solar has been awarded contract offers for 176MW of open field photovoltaic power generation projects by Ontario Power Authority (OPA) under the new Feed-in Tariff (FIT) program.

Once final approval is obtained, these projects are expected to be completed in 2011 and 2012. The projects were developed in partnership with several renewable energy developers in the Ontario market, including 3G Energy, Axio Power, Saturn Power and UC Solar.

Shawn Qu, chairman and CEO of Canadian Solar, said: "As a global company with strong financial backing and close to 700MW of Canadian Solar modules installed in over 30 countries, we're very excited to have been offered these contract offers with our partners under Ontario's progressive FIT program. The 176MW of contract offers is a good start for Canadian Solar to help fight against climate change in Canada, including the goal of eliminating coal-fired power generation in Ontario by 2014.

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