wiredinUSA March 2015

INDEX

Canada heads for the UK

Canadian Solar Inc has announced the acquisitionof solar power projects in theUK. The projects will generate 46MW in total. Four projects are currently under construction, and are expected to be connected to the grid in March 2015. Two more projects were expected to be under construction before the end of February, and will be connected to the grid in the second quarter of 2015.

“We are delighted to enter the United Kingdom solar energy market with the acquisition of this portfolio of projects. The United Kingdom is an important and rapidly growing solar market and these transactions provide us with an attractive opportunity to leverage our expertise and balance sheet to redeploy capital to support our growth and create value for our shareholders,”

said Dr Shawn Qu,chairman and chief executive officer of Canadian Solar.

“We continue to evaluate several opportunities to expand our solar pipeline in the United Kingdom and look forward to making further announcements in the quarters ahead.”

The six projects will produce approximately 50,183kWh of electricity per year.

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wiredInUSA - March 2015

wiredInUSA - March 2015

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