North Coast Solar Stocks

May 4, 2009

Canadian Solar Announces New 5 MW Contract with Topinfrasolar

Filed under: CSIQ — Tags: , , — Jason @ 9:05 am

Monday May 4, 2009, 9:05 am EDT

TORONTO, May 4 /PRNewswire-Asia/ – Canadian Solar Inc. (the “Company”, “Canadian Solar” or “we”) (CSIQ) today announced that it has signed a new sales agreement with Topinfrasolar, a Korean systems integrator, which will expand the relationship and supply agreement by an additional 5 MW. The contracted deliveries may include both regular and e-Modules and stipulates deliveries for Korean installations in 2009. Canadian Solar and Topinfrasolar have had a successful business relationship since the beginning of 2009 that has already resulted in the successful delivery to five projects of approximately 3 MW in total.

Dr Shawn Qu, Chairman and CEO said: “Topinfrasolar is a leading systems integrator in Korea with an excellent market reputation and particular strength in the commercial solar power plant market. The expansion of our collaboration with Topinfrasolar demonstrates our success of winning recurring orders from key customers with our premier high quality products and services. The combination of Canadian Solar high-performance modules with Topinfrasolar’s system designs provides solar investors with one-stop shopping solutions in Korean market. ”

Mr. Hyung Seok Oh, CEO of Topinfrasolar said: “We are also very pleased to work with Canadian Solar, one of the world class suppliers of solar photovoltaic panels. We have so far implemented several solar farm projects in Korea using Canadian Solar modules and we are impressed by their consistently superior module quality. With this new contract, we look forward to continuing our relationship with Canadian Solar and to offering long-term reliable returns to our solar farm investors.

About Topinfrasolar:

Founded in 2001, Topinfrasolar Co., Ltd. Is specialized in solar power plant system design and construction in Korea and has one of the best reputations as a quality solar systems provider in the Korean commercial solar power market.

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