Canadian Solar and NCC Complete Diesel Hybrid PV Installation serving First Nation Community



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[STK] NASDAQ-NMS:CSIQ

[IN] OIL UTI ENV ALT GRE

[SU]

TO BUSINESS, ENERGY, AND ENVIRONMENTAL EDITORS:

Canadian Solar and NCC Complete Diesel Hybrid PV Installation serving

First Nation Community

GUELPH, Ontario, April 16, 2014 /PRNewswire-FirstCall/ -- Canadian

Solar Inc.(the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of

the world's largest solar power companies, today announced the

completion of the first diesel hybrid PV system in the remote

microgrids in northern Ontario, Canada. The 152kW rooftop solar array

on the Deer Lake First Nation Elementary School, completed by Canadian

Solar with its supplier partners, is the first project under the

strategic partnership with NCC Development, LP ("NCC"), a First Nation

renewable energy management company, in a commitment to use renewable

energy (RE) microgrid solutions to assist the energy needs of off-grid

First Nations and remote communities.

Serving the First Nations of Deer Lake, Fort Severn, Keewaywin, North

Spirit Lake, Poplar Hill and McDowell Lake located in northern

Ontario, NCC has identified more than 80 First Nations and remote

communities for potential RE microgrid solution deployment, in an

effort to promote photovoltaic services and projects to areas heavily

reliant on diesel and challenged by limited access to electricity.

"NCC is optimistic in moving forward with our partner Canadian Solar,

as we continue to build strategic collaborative efforts with leaders

in the solar and renewable energy industry to foster sustainable

development of Canada's indigenous communities. As North America's

largest producer of solar power solutions, Canadian Solar's industry

leading experience and expertise will greatly contribute to our

efforts," said Geordi Kakepetum, Chief Executive Officer of NCC

Development LP.

"Our partnership with NCC started 3 years ago. It underscores our

strong commitment to Canada, helping to bring solar power to areas

previously unable to get connected to the grid. Solar is a green,

flexible, low-cost, and sustainable energy solution for these

underserved First Nations and other rural areas. We are proud of our

involvement in this important effort and the direct impact we will

have on so many deserving families," commented Dr. Shawn Qu, Chairman

and Chief Executive Officer of Canadian Solar Inc.

"To reduce peak load and connect five more homes, we developed a

three-part plan, including conservation, load shifting, and installing

a PV solar system. This is important not only for the families who are

waiting to move into these new houses, but for all of Deer Lake," said

Chief Royale Meekis, the leader of Deer Lake First Nation during a

ribbon cutting ceremony. Deer Lake First Nation aims to eventually

replace 50% of their diesel consumption with the RE microgrid retrofit

solution. The focus of the partners in developing RE microgrid

solutions is also to help to build much needed additional clean energy

capacity, and to support future economic development in the

communities.

About Canadian Solar

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 6 GW of premium

quality solar modules to customers in over 70 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.

About NCC Development LP

Formed in 2012 with the investment of six First Nations, NCC

Development LP has, in a short period of time, become a significant

First Nation renewable energy management company specialized in

serving the renewable energy needs of First Nations and remote

communities, starting in northern Ontario, and in facilitating the

participation of First Nations in building locally owned renewable

energy assets. NCC has collaborated with Canadian Solar to pursue

First Nations projects across northern Canada, including in First

Nations communities and for resource extraction industries operating

on First Nation territories.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release, including but not limited to

statements regarding the expected start of construction, date of

completion milestone payment terms, period of service, power

production and environmental impact 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 and the Province of Ontario; 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.

SOURCE Canadian Solar Inc.

-0- 04/16/2014

/CONTACT: Ed Job, CFA, Director, Investor Relations, Canadian Solar Inc., investors@canadiansolar.com; David Pasquale, Global IR Partners, +1-914-337-8801, csiq@globalirpartners.com; or Naveed Hasan, +1-415-583-0862, Naveed.Hasan@canadiansolar.com

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

(NASDAQ-NMS:CSIQ) /

CO: Canadian Solar Inc.; NCC Development, LP

ST: Canada Ontario

IN: OIL UTI ENV ALT GRE

PRN

-- CN06454 --

0000 04/16/2014 09:00:00 EDT http://www.prnewswire.com

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The Associated Press

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