Canadian Solar and Horizon Energy Solutions announce canadian EPC turnkey solutions agreement

GUELPH and HAMILTON, Ontario, June 7, 2012 /PRNewswire-Asia-FirstCall/ — Canadian Solar Inc. (NASDAQ: CSIQ), one of the world’s largest solar power companies, announced that its subsidiary, Canadian Solar Solutions Inc. and Horizon Energy Solutions Inc., have entered into an Engineering, Procurement and Construction (EPC) agreement to construct commercial rooftop solar electricity generating facilities.  The initial projects under this agreement are expected to commence construction by July 2012 under Ontario’s Feed-In-Tariff Program.
With the largest Solar Panel production facility in Ontario, Canadian Solar provides bankable photovoltaic modules and complete turnkey solutions to its customers.

Horizon Energy Solutions Inc. is a highly successful developer of renewable energy projects and provider of a suite of energy management, metering and conservation services to commercial clients and local distribution companies (LDCs).  Horizon Energy Solutions Inc.’s significant investment in Ontario’s renewable power infrastructure will create jobs consistent with the objectives of the Green Energy Act and the clean energy produced will benefit the environment.

“We are committed to developing sustainable energy solutions that provide long-term benefits using the best equipment available. Canadian Solar is a respected and acknowledged leader in this field and we are excited to enter into this agreement,” said Scott Knapman, Vice President, Horizon Energy Solutions Inc.

Dr. Shawn Qu, the Chairman and Chief Executive Officer of Canadian Solar, commented, “We are pleased to be partnering with Horizon Energy Solutions, given its experience and success in developing renewable energy projects.  This latest agreement builds on the considerable momentum we have in Canada and the broader global solar energy market.  We continue to leverage Canadian Solar’s global brand, proven track record and cost effective quality solar solutions as we pursue new growth opportunities in Canada and worldwide.”

About Horizon Energy Solutions Inc.

Horizon Energy Solutions Inc. is dedicated to providing commercial and LDC customers across Ontario with utility grade renewable energy solutions, a complete range of metering services for generators, residential, commercial/industrial, utilities and wholesale customers, and energy management and conservation services that create benefits for customers and the environment. Horizon Energy Solutions Inc. is wholly owned by Horizon Holdings Inc., an investment company owned by Hamilton Utilities Corporation and St. Catharines Hydro Inc. Horizon Holdings also owns Horizon Utilities Corporation, a local electric distribution utility serving 237,000 customers. For more information, please visit www.horizonenergysolutionsinc.com .

About Canadian Solar Inc.

Canadian Solar Inc. is one of the world’s largest solar companies. As a leading vertically integrated provider of ingots, wafers, solar cells, solar modules 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, Australia 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.

SOURCE Canadian Solar Inc.

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