KITCHENER, ON, Jan. 28,
2025 /PRNewswire/ -- Canadian Solar
Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), a
global leader in solar power and renewable energy solutions, is
pleased to announce that its Founder, Chairman, and CEO, Dr.
Shawn Qu, has been named an
Innovator on the prestigious TIME100 Climate 2024 list. This
recognition celebrates his outstanding contributions to the
renewable energy sector and his leadership in advancing solar and
energy storage solutions worldwide.
The TIME100 Climate 2024 list recognizes 100 influential leaders
who are driving successful and equitable climate solutions. This
year's honorees were selected based on measurable and scalable
achievements, with an emphasis on recent action. Prominent figures
on the list include Ajay Banga,
President of the World Bank; Bill
Gates, Founder of Breakthrough Energy and TerraPower; and
Jennifer Granholm, former U.S.
Secretary of Energy.
Since founding Canadian Solar in 2001, Dr. Qu has grown the
company from a small startup into a global leader in solar and
energy storage. Operating in 23 countries, Canadian Solar has
delivered more than 142 GW of solar modules and 8 GWh of battery
energy storage solutions worldwide.
This honor from TIME Magazine follows
Newsweek naming Canadian Solar the World's Most Trustworthy
Company in the Energy and Utilities sector, a global ranking
which underscores Canadian Solar's commitment to transparency,
reliability, and sustainability.
Dr. Shawn Qu, Chairman and CEO
of Canadian Solar, commented, "I am overwhelmed and deeply
honored by the recognitions from TIME and Newsweek. Today's
Canadian Solar is more than just a climate company. We are a
comprehensive energy solutions provider, leveraging cutting-edge
solar, lithium battery energy storage, and even wind power when
needed to meet the world's evolving energy demands."
For the full TIME100 Climate 2024 list, visit the TIME
website here.
About Canadian Solar Inc.
Canadian Solar is one
of the world's largest solar technology and renewable energy
companies. Founded in 2001 and headquartered in Ontario,
Canada, the Company is a leading
manufacturer of solar photovoltaic modules; provider of solar
energy and battery energy storage solutions; and developer, owner,
and operator of utility-scale solar power and battery energy
storage projects. Over the past 23 years, Canadian
Solar has successfully delivered around 142 GW of
premium-quality, solar photovoltaic modules to customers across the
world. Through its subsidiary e-STORAGE, Canadian
Solar has shipped over 8 GWh of battery energy storage
solutions to global markets as of September 30, 2024, boasting
a US$3.2 billion contracted backlog as of November
30, 2024. 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 globally. Its geographically diversified
project development pipeline includes 26 GWp of solar and 66 GWh of
battery energy storage capacity in various stages of
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
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SOURCE Canadian Solar Inc.
