Canadian Solar Announces the 'Win with Canadian Solar Contest'

USA - English

• USA - English

ONTARIO, Canada, March 10 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. ("the Company," "Canadian Solar" or "we") (Nasdaq: CSIQ) one of the world's largest solar companies, today announced the "Win With Canadian Solar Contest" launch in SolarPro magazine, the technical publication for solar industry professionals. Canadian Solar, a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications, invites all installers, project designers, construction developers and electrical crews to enter to win contest prizes -- including the grand prize of $3,000 -- for their alternative energy solar installations using Canadian Solar modules.

Who: Solar installers, project designers, construction developers, and electrical crews are eligible to submit their completed solar installations -- residential, commercial or industrial -- built with Canadian Solar modules.

When: The contest begins today and will run until 11:59 p.m. EST on September 30, 2010. The grand prize winner and all honorable mentions will be announced October 12 at Solar Power International 2010 in Los Angeles, Calif.

How: Entrants should submit online at http://www.canadian-solar.com/en/WIN

A solar installation overview with high resolution photo are required for submittal. The judging panel consists of Stephen Smith, founder of Solvida Energy Consulting, Roy Phillips, founder and president of Marin Solar, and Mike Miskovsky, U. S. general manager of Canadian Solar Inc. Winners will be selected based on engineering skill, environmental impact, creativity and aesthetics. Canadian Solar will award $3,000 to the grand prize winner, and prizes of $500 to four honorable mentions.

"Solar energy is the future of power, enabling reliable, sustainable clean energy production around the world, and Canadian Solar is leading the charge toward further adoption. We are pleased to be able to reward the innovative ideas and engineering acumen of the solar developers and installers who are working with us towards a cleaner, brighter future," said Miskovsky. "Widespread solar adoption and energy production can best be realized through the use of high-quality solar products, in which we are proud to lead the industry, and we look forward to working with our partners to bring increasing amounts of clean energy to homes and businesses across the country.

For complete contest rules and entry information, please visit http://www.canadian-solar.com/en/WIN .

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 http://www.canadiansolar.com .

    U.S. offices: 12657 Alcosta Blvd, Suite 140, San Ramon, CA 94583
    Telephone: 1-925-866-2700
    Fax: 1-925-866-270

Safe Harbor/Forward-Looking Statements

Certain statements in this press release including statements regarding expected future demand, shipment volumes, production capacity, outsourcing volumes and cost structures, 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 general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies 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, including customers of our silicon materials sales; changes in demand from major markets such as Germany and Canada; risks associated with building our new Ontario facility; 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 originally filed on June 8, 2009, as amended by its report on Form 20-F/A filed on October 14, 2009. 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.