Canadian Solar Inc, one of the world's largest solar companies, announced that the Company supplied its high quality solar modules for Germany's largest solar power plant. Built by GP JOULE GmbH ("GP JOULE") the open-space solar power plant has a specified output of 70 MW and occupies a 152 hectare surface in the Southern Brandenburg region of Eastern Germany.

GP JOULE, is a leading international engineering, procurement and construction ("EPC") and project development company, with four locations in Northern and Southern Germany as well as international offices in North America, France and Italy. For this project, GP JOULE installed approximately 306,000 solar modules on four fields located in a former lignite mining strip in the East German city of Meuro near Senftenberg. In total, the plant will power 17,500 households with green energy. The financing partners for this project were HSH Nordbank, Unlimited Energy and Luxcara.

"We selected Canadian Solar's photovoltaic ('PV') modules because of their high quality, performance and reliability -- all critical for successfully implementing and running large projects. Canadian Solar continues to set industry benchmarks in the development of innovative PV modules, which also represent excellent value for money," said Ove Petersen, founder and CEO of GP JOULE. "Service, flexibility and trust are of particular importance for large solar parks, like our current 70 MW project. Canadian Solar has it all."

Long-term Partnership

Canadian Solar and GP JOULE have cooperated since 2009, with the most recent supply agreement for 97 MW concluded in April. The successfully completed Meuro solar park reinforces this partnership and further strengthens Canadian Solar's position in the German energy market.

"We are proud to see our modules selected for this prestigious landmark project. With this solar power plant, GP JOULE is demonstrating on a high quality standard the true large scale potential of solar energy in meeting energy demands worldwide," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. "This project also significantly increases our presence and brand awareness in Germany, consistently the world's top solar market. We look forward to continuing our successful cooperation with GP JOULE."