Canadian Solar Inc. (CSIQ)

[sicctrading]

Canadian Solar and Fire Energy Announce 60MW Contract
Jan. 27, 2010 (PR Newswire) --

ONTARIO, Canada -- Canadian Solar Inc. ("the Company", "Canadian Solar" or "we") (Nasdaq: CSIQ) today announced that that it has entered into a sales contract with Fire Energy Group ("F.E."). Under terms of the contract, shipments started in January, with Canadian Solar expected to supply 60MW of PV modules to Fire Energy in 2010.

Fire Energy Group is a system integrator that provides project management and distribution services. Fire Energy Group will use its global reach to promote Canadian Solar's PV products in Spain, Germany, Italy, the U.S., the Czech Republic, Morocco and China.

Mr. John Liu, Chairman and CEO of Fire Energy Group commented, "This cooperation is an important step in meeting our customer needs. This agreement secures high-quality solar modules from Canadian Solar, one of the world's most respected and proven producers. We view this as a win-win cooperation where we can grow together with our new partner. Our shared philosophy is to offer the best service and the best quality at a reasonable price."

Shawn Qu, Chairman and CEO of Canadian Solar, said, "We are pleased to work with Fire Energy Group, one of the largest PV system integrators in Europe. Canadian Solar's global leadership, scale, cost leverage and proven quality record put us in the enviable position of being able to work with the best partners in each local market. In the case of Fire Energy, the contract calls for a 60MW purchase commitment, which we are confident we will deliver to Fire Energy based on their existing orders and customer growth indications."

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 http://www.canadiansolar.com .