North Coast Solar Stocks

July 21, 2009

Canadian Solar Becomes Member of PV Cycle

Filed under: CSIQ — Tags: , , , , — Jason @ 8:00 am

Tuesday July 21, 2009, 8:00 am EDT

Canadian Solar Inc. (“the Company”, “Canadian Solar” or “we”) (CSIQ) today announced that it has become a member of PV CYCLE, an organization based in Brussels, Belgium that promotes voluntary take-back and recycling of end-of-life PV modules, including seeking to define collection and recycling targets for the PV industry.

Dr. Shawn Qu, the Chairman and CEO of Canadian Solar remarked, “Canadian Solar has taken the ideals of sustainability to heart, applying them to our own business practices. Our equipment and services deliver solar power at the best possible environmental, economic and social outcomes for our customers. We continue to proactively take responsibility for developing effective recycling programs. To us PV CYCLE is the ideal platform to concurrently develop trendsetting industry standards by working with other like-minded global companies. We look forward to contributing our services, time and ideas to PV CYCLE and the broader renewables industry.”

Jan Clyncke, Managing Director of PV CYCLE, said, “We are honored that Canadian Solar has joined our organization, which now covers around 85% of the European photovoltaic market with its 37 member companies spread around the globe. The company has been an industry pioneer and one of the first to establish strong traction, reaching from China across Europe and worldwide. Canadian Solar shares our commitment to producer responsibility and environmentally friendly policies, as we strive to develop a profitable and sustainable PV solar industry. Doing so will make the photovoltaic industry truly Double Green.”

About PV CYCLE (

PV CYCLE was founded in 2007 with the specific purpose of implementing the photovoltaic industry’s commitment to set up a voluntary take-back and recycling program for end-of-life waste PV modules. To produce green and renewable energy, end-of-life modules need to be recovered and recycled. This will minimize waste and allow the re-use of valuable raw materials to produce new modules. The members of PV CYCLE are in the final stages of developing the scheme and aim to present it to the European Commission by spring 2009 for formal acknowledgement. By closing the life cycle of photovoltaic modules, industry players take their responsibility and are “Making the photovoltaic industry Double Green.”


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