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Canadian Solar Announces 100MW Module Supply Agreement with Zhenfa New Energy in China

published: 2013-12-13 11:04

Canadian Solar Inc., one of the global solar power companies, announced on December 12th that it has been awarded a module supply agreement to provide Zhenfa New Energy Science & Technology Co., Ltd. with photovoltaic ("PV") modules totaling 100MW for three solar power projects located in Gansu Province and one solar project in Inner Mongolia Autonomous Region of China.

"We are honored to be awarded this large module supply agreement by Zhenfa New Energy. It is another milestone for Canadian Solar's achievements in the Chinese market, where we see the market improving with better pricing and payment terms," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. "Clearly, Chinese demand for solar modules going into the first quarter of 2014 remains strong, and based on our planning sessions with major developers and project off takers, we currently expect demand for solar modules in China to exceed 10GW in 2014."

Canadian Solar will supply about 400,000 pieces of its high efficiency CS6P245P, CS6P250P and CS6P-255P modules with power output of 245Wp, 250Wp and 255Wp for the projects. Module deliveries will commence in mid-December 2013 and are expected to be completed in January 2014. The three projects in Gansu Province are respectively located in Jiangyuguan, Guliang and Minqin, with a total size of 200MW. The project in Inner Mongolia is located in Sanxin, with a size of 50MW.

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