GUELPH,
ON, Oct. 10, 2024 /PRNewswire/ -- Canadian
Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one
of the world's largest solar technology and renewable energy
companies, is proud to be recognized as the most trustworthy
company on Newsweek's World's Most Trustworthy Companies
2024 list in the Energy and Utilities sector. This ranking
underscores Canadian Solar's commitment to transparency,
reliability, and sustainability, and reflects our commitment to
quality and customer service across the globe.
The Newsweek list, developed in collaboration with Statista,
relies on over 230,000 evaluations of companies across 23 industry
sectors and 20 countries. Assessments were based on key factors
including customer trust, investor confidence, and employee
satisfaction.
"As the global transition to clean energy accelerates, Canadian
Solar will continue to meet the needs of our customers, partners,
and investors by manufacturing and delivering some of the best and
highest quality solar and energy storage products in the world,
backed by the trust and quality we have cultivated over the years,"
said Thomas Koerner, Corporate
Senior Vice President of Canadian Solar Inc. "We are
honored to accept this recognition from Newsweek as the most
trustworthy company in the Energy and Utilities sector."
To see the full ranking, visit
Newsweek's World's Most Trustworthy Companies 2024 -
Energy & Utilities.
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar
technology and renewable energy companies. It is a leading
manufacturer of solar photovoltaic modules, provider of solar
energy and battery energy storage solutions, and developer of
utility-scale solar power and battery energy storage projects with
a geographically diversified pipeline in various stages of
development. Over the past 23 years, Canadian Solar has
successfully delivered over 133 GW of premium-quality, solar
photovoltaic modules to customers across the world. Likewise, since
entering the project development business in 2010, Canadian
Solar has developed, built, and connected approximately 11 GWp
of solar power projects and 3.7 GWh of battery energy storage
projects across the world. Currently, the Company has approximately
1.6 GWp of solar power projects in operation, 6.5 GWp of projects
under construction or in backlog (late-stage), and an additional
20.9 GWp of projects in advanced and early-stage pipeline. In
addition, the Company has 1 GWh of battery energy storage projects
in operation and a total battery energy storage project development
pipeline of around 63 GWh, including approximately 8.5 GWh under
construction or in backlog, and an additional 54.3 GWh at advanced
and early-stage development. Canadian Solar is one of the
most bankable companies in the solar and renewable energy industry,
having been publicly listed on the 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, regulatory and economic conditions and
the state of the solar power and battery energy storage market
and industry; geopolitical tensions and conflicts, including
impasses, sanctions and export controls; volatility, uncertainty,
delays and disruptions related to global pandemics; supply chain
disruptions; governmental support for the deployment of solar
power and battery energy storage; future available supplies of
silicon, solar wafers and lithium cells; 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 China,
the U.S., Europe, Brazil and Japan;
changes in effective tax rates; changes in customer order patterns;
changes in product mix; changes in corporate responsibility,
especially environmental, social and governance ("ESG")
requirements; capacity utilization; level of competition; pricing
pressure and declines in or failure to timely adjust 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;
the pipeline of projects and timelines related to them; the ability
of the parties to optimize value of that pipeline; continued
success in technological innovations and delivery of products with
the features that customers demand; shortage in supply of materials
or capacity requirements; availability of financing; exchange and
inflation rate fluctuations; litigation and other risks as
described in the Company's filings with the Securities
and Exchange Commission, including its annual report on Form 20-F
filed on April 26, 2024. 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.
Canadian Solar Inc. Investor Relations Contact
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com
View original
content:https://www.prnewswire.com/news-releases/canadian-solar-ranked-1-in-energy--utilities-on-newsweeks-2024-worlds-most-trustworthy-companies-list-302272692.html
SOURCE Canadian Solar Inc.
