Canadian Solar Announces 120MW of Recent Sales Orders

TORONTO, Jun 29 (MARKET WIRE) --
Canadian Solar Inc. ("the Company", "Canadian Solar" or "we") (NASDAQ:
CSIQ) today announced it has received a purchase order from Systaic AG
(SYSCF) for 30 MW of solar modules to be delivered to Spain. This is a
specific purchase order under the 60 MW annual supply agreement that the
two companies announced in October of 2008. Delivery under the agreement
has already started.

Including this new 30MW purchase order, the Company has recently signed or
reconfirmed sales contracts, contract extensions or received purchase
orders for delivery of about 120MW of solar module products to 24
customers in Europe, North America and Asia. Most of these deliveries are
expected to take place from June to October.

Dr. Shawn Qu, Chairman and CEO remarked, "We have insisted on quality
products and services, long-term partnerships and prudent financial
management. We are pleased that our efforts have paid off. The recent
'flight to product quality and financial strength' by customers, coupled
with very competitive pricing have resulted in strong demand for our solar
modules. The relationship between Canadian Solar and Systaic is a good
example. The two companies have developed a solid partnership since early
2008, and Systaic has been one of our Top 10 customers in 2008. We have
supported each other in recent quarters, leveraging Canadian Solar's
compelling product portfolio and financial strengths with Systaic's strong
system integration capability and large footprint in Europe, especially in
the key markets of Germany, Spain and Italy. We are looking forward to our
ongoing collaboration given both companies commitment to quality
workmanship, innovation and service."

Michael Pack, CEO of Systaic said: "We decided to start executing the
annual agreement as the financing environment is improving, reconfirming
our intention to reach the 60 MW annual target. The combination of
Systaic's system technology and Canadian Solar's high performance modules
has delivered high energy yields in the Spanish projects our companies
have executed. As a result, Systaic recently completed a transaction to
sell one of our solar farms, built with Canadian Solar's modules, to a
well-known off-take fund. The transaction has successfully received a
refinancing from a leading German bank, underscoring the high financial
attractiveness and bankability of our projects."

About Systaic AG (SYSCF)

Due to the consequent implementation of its strategy, Systaic AG belongs
to the fastest growing companies in the sector of renewable energies in
Europe. The SYSTAIC group produces and markets Europe-wide a new
generation of solar systems that differs significantly from the systems
currently available on the market. The product portfolio is enhanced by
the offer of comprehensive services. The patent-pending integrated system
solutions for buildings are highly flexible regarding their design and
are offered together with a yield guarantee for over 24 years. Systaic's
subsidiary Enerparc is currently implementing the world's largest
building-integrated photovoltaic power plant.

About Canadian Solar Inc. (NASDAQ: CSIQ)

Canadian Solar Inc. is a leading vertically integrated provider of ingot,
wafer, solar cell, solar module and other solar applications. Canadian
Solar designs, manufactures and delivers solar products and solar systems
for on-grid and off-grid use to customers worldwide. Canadian Solar is one
of the world's largest solar module producers by manufacturing capacity.
With operations in North America, Europe and Asia, Canadian Solar provides
premium quality, cost-effective and environmentally-friendly solar
solutions to support global sustainable development. For more information,
visit www.canadian-solar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release including statements regarding
expected future financial and industry growth 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
general business and economic conditions and the state of the solar
industry; governmental support for the deployment of solar power; future
shortage or availability of the supply 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, including
customers of our silicon materials sales; changes in demand from major
markets such as Germany; changes in customer order patterns; changes in
product mix; capacity utilization; level of competition; pricing pressure
and declines in average selling price; delays in new product introduction;
continued success in technological innovations and delivery of products
with the features customers demand; 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 originally filed on June
8, 2009. 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.

Contacts:

In Canada
Alex Taylor
IR Director
Canadian Solar Inc.
Tel: +1-905-530-2334
Email Contact

In the U.S.
David Pasquale
Global IR Partners
Tel: +1-914-337-8801
Email Contact

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