Canadian Solar will play a significant role on the SEIA board

December 23, 2013

WASHINGTON, D.C. – Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar power companies, has officially joined the Solar Energy Industries Association (SEIA) at the board level.

"SEIA has effectively helped foster the development of the U.S. solar energy industry for nearly 40 years. We appreciate all of their hard work and are pleased to now join the influential SEIA Board. We look forward to adding our perspective and experiences to help further the goals of SEIA to the benefit of the broader U.S. solar market," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc.

"We're very excited Canadian Solar has joined our organization," said SEIA President and CEO Rhone Resch. "The Company is a true industry pioneer, with a forward thinking strategy necessary to succeed in such a dynamic industry. With more than a decade of global leadership, Canadian Solar will play a significant role on the SEIA board."

Today, America's solar energy industry employs 120,000 workers at more than 6,100 companies, most of which are small businesses spread across the United States, making solar one of the fastest growing industries in America. Part of this amazing growth is attributed to the fact that the average cost of a solar system has dropped by nearly 40 percent over the past two years. Presently, there are more than 10.3 gigawatts (GW) of cumulative solar electric capacity installed in the United States – enough to power more than 1.7 million American homes.