Canadian Solar Inc. (the “Company”, “we” or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar companies, announced it has become an official sponsor of the New York Yankees.
“Solar is an affordable clean, renewable energy alternative to fossil fuels and Canadian Solar is passionate about that,” said Dr. Shawn Qu, CEO of Canadian Solar, Inc. “The New York Yankees are the most popular sports franchise in the world with an incredible fan base and we think this partnership provides a meaningful platform for a strong renewable energy message. We are celebrating America’s favorite pastime and at the same time we hope to convey the solar story.”
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, “Canadian Solar is proud to become an official sponsor of the iconic New York Yankees. The New York Yankees have always transcended the sport of baseball, with the franchise recognized globally for its championships, professionalism and excellence. Canadian Solar also represents excellence to solar customers worldwide, backed by our history of technology innovation, proven performance and superior customer service. By joining with the New York Yankees, we can now leverage one of the world’s most powerful, global brand-building platforms to further expand awareness of Canadian Solar and our innovative, affordable, cost effective solar energy solutions.”
Since its opening in 2009, Yankee Stadium has made a strong commitment to raising environmental awareness. Various waste-reducing activities, including the establishment of the Yankees Sustainability Facility Program, have helped promote responsible energy consumption and community improvement. The program ensures the efficiency of all equipment while focusing on energy reduction. During the 2010 season, waste management, composting and recycling helped divert more than 35 percent of Yankee Stadium’s trash away from landfills. Additionally, close to 9,000 gallons of cooking oil used in the Stadium last year was converted into roughly 7,000 gallons of biodiesel fuel.
“We are extremely pleased about our new relationship with Canadian Solar,” said Michael J. Tusiani, Yankees senior vice president of corporate sales & sponsorships. “We hope its in-Stadium signage will strengthen the importance of environment attentiveness, which is a significant platform for our organization.”
The solar industry grew 101% in the USA in 2010 creating over 93,000 jobs, making it one of the fastest-growing industries in the United States.