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[STK] NASDAQ-NMS:CSIQ

[IN] OIL UTI ENV ALT GRE

[SU] CXP

TO BUSINESS, ENERGY, ENVIRONMENTAL, AND TECHNOLOGY EDITORS:

Samsung and Canadian Solar Open Solar Manufacturing Facility in London

LONDON, Ontario, March 6, 2014 /PRNewswire-FirstCall/ -- The London

community celebrated the start of over 200 local renewable energy jobs

at the grand opening of the Canadian Solar Inc. (Canadian Solar)

manufacturing facility today. This is the fourth manufacturing

facility to be created by Samsung Renewable Energy Inc. (Samsung)

under the Green Energy Investment Agreement (GEIA) with the Government

of Ontario.

The Canadian Solar plant, located at 1400 Global Drive, began

operations in November, 2013. The plant produces solar PV modules and

medium voltage power stations to supply Samsung's Ontario solar

projects, including the 100 megawatt (MW) Grand Renewable Energy Park

in Haldimand County, the 100 MW Sol-Luce Kingston Solar PV project in

Kingston and Loyalist Township, and future solar projects within the

GEIA. The new facility is also a hub for solar energy research and

product development.

Not only does this facility fulfill Samsung's GEIA commitment to

create hundreds of manufacturing jobs at four plants, it also enables

Samsung to create thousands of engineering, procurement and

construction jobs at its solar projects in communities around Ontario.

In total, Samsung's GEIA projects will create 9,000 renewable energy

jobs across the province.

Samsung and its partners are investing $5-billion in Ontario to create

the largest cluster of solar and wind power anywhere on the planet.

Under the GEIA, Samsung will develop 300 MW of solar power in Ontario,

part of a total of 1,369 MW of clean, renewable energy that will

contribute to Ontario's initiative to phase-out coal-fired generation

by the end of 2014.

The Canadian Solar plant joins Samsung's Ontario manufacturing

partners Siemens in Tillsonburg, CS Wind in Windsor, and SMA in

Toronto. Together, the four manufacturing facilities now employ over

1000 Ontario manufacturing workers. Samsung will support all of its

manufacturing partners' efforts to develop export markets beyond the

GEIA project.

"Samsung is delivering on our commitments to the people of London and

throughout Ontario. As a globally responsible company, we are proud to

develop clean energy that is protecting the air that we breathe. We

are equally proud to contribute to the local economies in our project

and manufacturing communities."

- Ki-Jung Kim, Senior Vice President, Samsung C&T

"Samsung's commitment to develop clean energy is aligned with our goal

of contributing to the growth of solar powered energy in Canada. The

London manufacturing facility will produce modules and medium voltage

power stations to support the build out of Samsung's solar project

pipeline and create green jobs in the Province of Ontario market,

while at the same time consolidating our position as the leading

provider of solar energy solutions in Canada."

- Dr. Shawn Qu, Chairman and Chief Executive Officer, Canadian Solar

Inc.

Ontario's landmark green energy initiatives are all about our future.

I'm proud of our renewable energy sector and the robust industry we've

created and I'm confident that our clean energy investments will

continue to be a source of jobs for Ontarians for years to come."

- Bob Chiarelli, Minister of Energy

"On behalf of my colleagues in the federal government, I congratulate

Canadian Solar and Samsung on the opening of this facility today. Our

government knows that we must continue to work hard to make southern

Ontario a great place to invest and do business. The benefits of this

are clear: jobs for our people, growth for our businesses and success

for our region as well as Canada as a whole."

- Gary Goodyear, Minister of State (Federal Economic Development

Agency for southern Ontario)

"I'm delighted that Canadian Solar chose to open here in London,

creating new manufacturing, research and development jobs. This is

great news for London and will help boost our local economy, and also

continues our government's commitment to building cleaner energy in

Ontario."

- Deb Matthews MPP, London North Centre

About Samsung Renewable Energy Inc.

Samsung Renewable Energy is creating clean, renewable energy for

generations to come. Together with our partners, Samsung is making a

$5-billion investment in Ontario to create the world's largest cluster

of wind and solar power. Our investments will create 900 direct

renewable energy manufacturing jobs and 9,000 high-skilled jobs in

Ontario. Built on Samsung C&T's commercial and technical expertise and

the success of its renewable energy projects in several countries -

including the United States and Europe - Samsung is creating real

jobs, through real investment, benefitting real people. For more

information, please visit www.samsungrenewableenergy.ca.

About Canadian Solar Inc. (NASDAQ: CSIQ)

Founded in 2001 in Canada, Canadian Solar Inc. (NASDAQ: CSIQ) is one

of the world's largest and foremost solar power companies. As a

leading vertically integrated provider of solar modules, specialized

solar products and solar power plants with operations in North

America, South America, Europe, Africa, the Middle East, Australia and

Asia, Canadian Solar has delivered more than 4GW of premium quality

solar modules to customers in over 50 countries. Canadian Solar is

committed to improve the environment and dedicated to provide advanced

solar energy products, solutions and services to enable sustainable

development around the world. For more information, please visit

www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release 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 the risks regarding 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; changes in demand in our project

markets, including Canada; changes in customer order patterns;

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; utility-scale

project approval process; delays in utility-scale project

construction; 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 filed on April 26, 2013.

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.

- 30 -

SOURCE Canadian Solar Inc.

-0- 03/06/2014

/CONTACT: Canadian Solar Inc. Contacts, Investors: Ed Job, CFA, Director, Investor Relations, Canadian Solar Inc., ir@canadiansolar.com; David Pasquale, Global IR Partners, +1-914-337-8801, csiq@globalirpartners.com, Media: Suzanne Wilson, Canadian Solar Solutions Inc., +1-519-837-1881, Suzanne.wilson@canadiansolar.com, Songul Atacan, Canadian Solar Inc., Director of Marketing, Americas, songul.atacan@canadiansolar.com; Samsung Renewable Energy Contact, Tim Smitheman, Samsung Renewable Energy, 416-817-9362, t.smitheman@samsung.com

/Web Site: http://www.canadiansolar.com

http://www.samsungrenewableenergy.ca

(NASDAQ-NMS:CSIQ) /

CO: Canadian Solar Inc.; Samsung Renewable Energy Inc.

ST: China

IN: OIL UTI ENV ALT GRE

SU: CXP

PRN

-- CN78042 --

0000 03/06/2014 19:30:00 EDT http://www.prnewswire.com

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