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Canadian Solar and S.A.G. Solarstrom Announce 60 MW Supply Contract

published: 2011-02-23 14:27

Canadian Solar (NASDAQ: CSIQ) announced it has entered into a sales contract with S.A.G. Solarstrom AG, based in Freiburg, Germany. Under terms of the contract, shipments will start in March, with Canadian Solar expected to supply 60 MW of PV modules to S.A.G. Solarstrom AG in 2011 for deployment in Germany and Italy, both key solar markets.

"Quality, performance and value are key criteria for our purchase of components and new system partnerships," said Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. "Canadian Solar's modules have been dominant in every aspect. We are delighted to have found a new partner now whose modules we can use to build photovoltaic systems that meet our high S.A.G. quality standards."

"This is another win in core geographic markets for the solar industry. Besides quality and efficiency, we are committed to sustainability and environmental protection, which are values shared by S.A.G. Solarstrom AG," said Dr. Shawn Qu, CEO of Canadian Solar. "Our modules have essential international certifications and are covered by a six-year product warranty and a 25 year performance warranty. This gives our partners added confidence and assurance in the quality, durability and performance of our solar modules."

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