GUELPH, ON, Oct. 27, 2020 /PRNewswire/ -- Canadian Solar
Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ),
today launches its Series 7 high-power, high-efficiency modules
with power output of up to 665 W. The new generation modules are
set to deliver one of the industry's most competitive levelized
cost of electricity (LCOE) as it further reduces balance of system
(BOS) and other costs for solar power plants.
The new monofacial HiKu7 and bifacial BiHiKu7 modules
are optimized with leading tracker and inverter designs to support
seamless installation of solar plants. This means more modules per
string, more watts per tracker and pile, lower equipment and labor
costs, and higher project returns.
Series 7 Product Portfolio: Solidifying Canadian Solar's
Technology Leadership
- Power classes of up to 665 W and module efficiencies of up to
21.4%
- Commercial deployment of Canadian Solar's proprietary cell
technology and module design, including hetero-type ribbon (HTR)
and paving technology (PA)
- Further reduction of the light- and elevated
temperature-induced degradation (LeTID) using Canadian Solar
Advanced Regeneration (CSAR) technology
- Excellent value for commercial and utility scale PV plants,
reducing balance of system costs by up to 5.7% and LCOE by up to
8.9% relative to mainstream 445 W modules
Dr. Shawn Qu, Chairman and CEO
of Canadian Solar remarked, "Following the launch of our
500 W+ modules only four months ago, I am excited to introduce our
600+ W modules today, which marks another milestone for Canadian
Solar as the leader in solar PV cell and module technologies." He
added, "As always, the design of our new Series 7 modules puts our
customer needs at heart. Our focus is not only to increase power
wattage but more importantly, to reduce LCOE, improve product
reliability and increase energy yield. These product and
technological innovations will continue to boost solar project
returns, further improve solar energy's competitiveness and
accelerate the global clean energy transition."
To learn more, register here to join our product launch
webinar on October 29, 2020, in
partnership with pv magazine.
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar
power companies. It is a leading manufacturer of solar photovoltaic
modules and provider of solar energy and storage solutions and has
a geographically diversified pipeline of utility-scale solar power
projects in various stages of development. Over the past 19 years,
Canadian Solar has successfully delivered over 46 GW of
premium-quality, solar photovoltaic modules to customers in over
150 countries. 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.
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; delays in the process of
qualifying to list the MSS subsidiary in the PRC; 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 28, 2020. 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.