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Canadian Solar launches the next generation solar modules: bifacial, high power density and over 400 W poly HiKu modules at Intersolar Europe

GUELPH, Ontario, June 14, 2018 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar"), one of the world's largest solar power companies, announced it will introduce the global launch of its next generation solar modules at Intersolar Europe which will be held from June 20 - 22, 2018 in Munich, Germany. The Company's Chairman and CEO Dr. Shawn Qu will inaugurate BiKu, HiKu and HiDM modules during an exclusive event.

Canadian Solar's BiKu modules are at the forefront of high efficiency dual-cell bifacial modules in the industry. Its poly bifacial modules have up to 365 W power output on the front side and 75% bifaciality. It can increase energy yield by up to 30% with backside contributions under certain albedo, thus lowering LCOE dramatically. Canadian Solar's BiKu modules will certainly help you maintain IRR on your project investment, in case project PPA decreases year after year.

HiKu poly modules are developed specially for utility market with power output exceeding 400 W. This product uses the latest high efficiency cell technology, coupled with Canadian Solar's Ku module technology. HiKu modules can reduce EPC cost of solar projects in terms of lower BOS and installation costs.

HiDM (High-Density Module) is the shingle-type of module with Canadian Solar's unique IP-granted design features. It enhances module power density with module efficiency reaching up to 20.2%. The power output of a 60-cell mono HiDM module can reach 335 MW, about 10% higher than a standard full cell mono PERC module.  In addition, the design of HiDM modules have much better physical appearance and less shadow effect on electricity generation.  HiDM modules, with high wattage, appealing aesthetics and good shading tolerance, are one of the best products for rooftop systems where the space is limited and where shadowing is unavoidable.

BiKu, HiKu and HiDM modules will be on display at Canadian Solar Booth A1.480 during Intersolar.

For product inquires, please contact us at [email protected], [email protected], [email protected].

About Canadian Solar Inc.

Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 17 years, Canadian Solar has successfully delivered over 27 GW of premium quality modules to over 100 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publically listed on NASDAQ since 2006.  For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release regarding the Company's expected future shipment volumes, gross margins, business prospects and future results, 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 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 from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; cancelation of utility-scale feed-in-tariff contracts in Japan; 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 filed on April 27, 2017. 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. Investors 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.

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SOURCE Canadian Solar Inc.

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