Canadian Solar and World Champion San Francisco Giants Announce Second Year Partnership

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May 12, 2011, 05:00 ET

SAN JOSE, Calif., May 12, 2011 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. (the "Company", "we" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, today announced that it has become a sponsor of Major League Baseball's World Champion San Francisco Giants for the second year in a row.

"We are ecstatic to sponsor the San Francisco Giants again this year, and support them as they pursue another world championship. The franchise is a leader in green business practices and perfectly aligns with Canadian Solar's goal of furthering the adoption of renewable energy and sustainability," said Dr. Shawn Qu, chairman and CEO of Canadian Solar Inc. "The San Francisco Giants are our flagship sponsorship in the United States, and we support the leading team of America's favorite pastime. We look forward to another winning season and our partnership to promote successful and environmentally-conscious practices."

The World Champion San Francisco Giants are leaders in green business practices. AT&T Park is one of the greenest ballparks in the United States; it was the first in the Major League Baseball to receive U.S. Green Building Council certification for Leadership in Energy and Environmental Design (LEED) for Existing Buildings, Operations and Maintenance (EBO&M). The Giants have also led endeavors in water and energy efficiency management, becoming the first MLB park to install solar panels back in 2007. The Giants continue to lead all of Major League Baseball in their recycling efforts with 75 percent of their waste being diverted from landfill through an aggressive recycling and composting program.

"We are so pleased to continue to partner with a leader in clean solar energy," said Jason Pearl, managing vice president of corporate sponsorship and new business development for the San Francisco Giants. "We are one of the country's most environmentally-friendly ballparks and, with Canadian Solar as a strategic partner for the second year in a row, we look forward to furthering our message of environmental sustainability -- something about which the San Francisco Giants and Canadian Solar care deeply."

About Canadian Solar Inc. (NASDAQ: CSIQ)

Canadian Solar Inc. 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 and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, visit www.canadiansolar.com.

U.S. offices:	12657 Alcosta Blvd, Suite 140, San Ramon, CA 94583
Telephone:	1-925-866-2700
Fax:	1-925-866-2704

About the San Francisco Giants and AT&T Park

The San Francisco Giants of the National League is one of the oldest franchises in Major League Baseball. Boasting a 128-year history, the team moved to San Francisco from New York in 1958 playing a total of 42 years in Seals Stadium and Candlestick Park before moving to AT&T Park in 2000.

Since opening its gates, AT&T Park has become internationally-renowned as a premier venue in the world of both sports and entertainment. On the diamond, more than 34 million spectators have witnessed a number of magical moments and four playoff appearances, including in 2010 when the Giants became the World Series champions for the first time since moving West. In 2008, the Giants celebrated the team's 50th year in San Francisco and it was the center of the baseball universe when it hosted the 78th Major League Baseball All-Star Game on July 10, 2007. AT&T Park has also played host to some of music's biggest acts, including the Rolling Stones, Bruce Springsteen and the E-Street Band and Green Day.

Off the field, the Giants have one of the premier community outreach programs in professional sports, becoming the first team to implement a 100 percent participation program, involving every player, coach and uniformed staff member in at least one community project throughout the season. Through its community outreach programs, the Giants and the Giants Community Fund work with corporate and non-profit partners to raise awareness, educate and generate interest in a variety of issues important to both their fans and community including education/literacy, violence prevention, health and youth recreation and fitness.

Safe Harbor/Forward-Looking Statements:

Certain statements in this press release including statements regarding our expected revenue, expected future shipment volumes, gross margins, manufacturing capacities, processing costs, and cell conversion efficiencies, are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the risks regarding the previously disclosed SEC and internal investigations as well as general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; the availability of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on August 19, 2010. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

SOURCE Canadian Solar Inc.