North Coast Solar Stocks

April 6, 2009

Canadian Solar Wins a Bid to a Rural Electrification Project in China

Filed under: CSIQ — Tags: , , — Jason @ 10:25 am

Monday April 6, 2009, 10:25 am EDT

TORONTO, April 6 /PRNewswire-Asia/ — Canadian Solar Inc. (“the Company”, “Canadian Solar” or “we”) (CSIQ) today announced that we were recently selected in a competitive bidding process to supply solar panels for 80,000 solar home systems for rural households in Sichuan province of China. The total order size is 1.6 MW. This project was initiated and financed by China’s Ministry of Agriculture and the Sichuan Provincial Government. The solar home systems are rated for a peak capacity of 20 Watts each. A system of this size can power two lights and a small TV. The delivery of the 80,000 units will be completed by April.

Dr. Shawn Qu, President and CEO of Canadian Solar said, “We were very pleased to win this bid. A solar home system makes a real impact on the lives of these rural households. In many cases it will be the first electrical power source these rural families have ever had. We are very proud to be part of this project. Canadian Solar has a business division devoted to the designing, manufacturing and installing solar home and solar village systems for rural electrification and has been actively involved in rural electrification projects in China since 2004.”

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