Canadian Solar Announces the Grid Connection of Three Solar Power Plants in Japan

"We are very pleased to announce the successful completion and grid connection of these three projects, which well demonstrates the execution ability of our local project development and EPC teams in Japan"

GUELPH, Ontario, July 20, 2015 -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it completed construction and grid connection of three of its solar photovoltaic (PV) power plants in Japan, with a total of approximately 5.2 MWp, including the 2.2 MWp Tsukuba Stones Solar Power Plant in Kasama City, Ibaraki Prefecture, the 2.0 MWp Tomigaoka Solar Power Plant in Isa City, Kagoshima Prefecture, and the 1.0MWp Isa City Solar Power Plant in Isa City, Kagoshima Prefecture.


The 2.2 MWp Tsukuba Stones Solar Power Plant was connected to the grid on June 26, 2015. Powered by 8,448 Canadian Solar CS6P-260P modules, it will generate approximately 2,474 MWh of clean, emission-less solar electricity every year and the electricity generated from this project will be purchased by Tokyo Electric Power Co., Ltd. under a 20 year feed-in-tariff contract at the rate of JPY40.00 ($0.33) per kWh.

The 2.0 MWp Tomigaoka Solar Power Plant was connected to the grid on June 29, 2015. Powered by 7,920 Canadian Solar CS6P-255P modules, it will generate approximately 2,415 MWh of clean, emission-less solar electricity every year and the electricity generated from the project will be purchased by Kyushu Electric Power Co., Inc. under a 20 year feed-in-tariff contract at the rate of JPY36.00 ($0.30) per kWh.

The 1.0 MWp Isa City Solar Power Plant was connected to the grid on June 9, 2015. Powered by 3,654 Canadian Solar CS6P-255P modules, it will generate approximately 1,175 MWh of clean, emission-less solar electricity every year and the electricity generated from the project will be purchased by Kyushu Electric Power Co., Inc. under a 20 year feed-in-tariff contract at the rate of JPY40.00 ($0.30) per kWh.

"We are very pleased to announce the successful completion and grid connection of these three projects, which well demonstrates the execution ability of our local project development and EPC teams in Japan," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc., "We are well on track to complete more projects in the quarters ahead in this important market that is expected to make an important contribution to our planned YieldCo."

About Canadian Solar
Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. In the past 14 years, Canadian Solar has successfully deployed over 10 GW of premium quality modules in over 70 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the world, having been publically listed on NASDAQ since 2006. For additional information about the company, follow Canadian Solar on Facebook, Twitter, LinkedIn, or on the website.

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