GUELPH, Ontario, Jan. 17, 2019 /PRNewswire/ -- Canadian Solar Inc.
(the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the
world's largest solar power companies, today announced that
it has been selected by Edify Energy and Octopus Investments
to be partnering with Signal Energy to provide Engineering,
Procurement and Constructions (EPC) services and supply solar
modules for the 333 MWp/275 MWac Darlington Point Solar
Farm in New South Wales,
Australia.
Construction of the Darlington Point Solar Farm will begin in
March 2019 with over 820,000 Canadian
Solar HiKu modules (CS3W-P), averaged over 400W per module.
These high efficiency PV modules will be installed on single-axis
solar tracking systems in an area of approximately
2,000 acres. The project is expected to reach completion in
early 2020, and the solar system is expected to produce enough
electricity to meet the needs of more than 115,000 NSW homes and
displace nearly 600,000 tonnes of carbon dioxide emissions
annually.
Dr. Shawn Qu, Chairman and Chief
Executive Officer of Canadian Solar, said, "We are delighted to be
selected by Edify Energy and Octopus Investments to provide EPC
services together with Signal Energy and to supply our high
efficiency and industry-leading 1500V and 400W
multi-crystalline solar modules to this large-scale solar power
plant. Our work with Darlington Point Solar Farm further
demonstrates our strengths as a system solution provider with
global experience. We are committed to working closely with local
Australian communities in creating new jobs and to provide
customers in Australia with
affordable and reliable solar energy."
"We are extremely pleased that Edify Energy and Octopus
Investments selected us to construct the Darlington Point project,"
said Greg Pawson, President of
Signal Energy, "Edify's track record of success in Australia, collaboration, and focus on quality
makes them an ideal customer to work with. Octopus brings a wealth
of solar investment experience from Europe and we look forward to building our
relationship with them."
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 provider of
solar energy solutions, Canadian Solar also 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 30
GW of premium quality modules to over 150 countries around the
world. Furthermore, Canadian Solar is one of the most
bankable companies in the solar industry, having been publicly
listed on NASDAQ since 2006. For additional information about the
Company, follow Canadian Solar on LinkedIn or
visit www.canadiansolar.com.
About Signal Energy
Signal Energy, headquartered in Chattanooga, Tennessee, is a leading full
service design/build contractor providing Engineering, Procurement
and Construction (EPC) services for utility-scale renewable energy
projects. Signal Energy is the renewable energy subsidiary of
EMJ Corporation. Signal Energy Australia was established in
January 2018 and is headquartered in
Sydney. For more information
visit: www.signalenergy.com. Add social media links.
Canadian Solar 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 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; delays in the completion of project sales; 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 26, 2018. 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.
View original
content:http://www.prnewswire.com/news-releases/canadian-solar-to-provide-epc-services-and-supply-solar-modules-for-333mwp-darlington-point-solar-farm-in-australia-300780103.html
SOURCE Canadian Solar Inc.