Canadian Solar and Lightsource BP Sign 1.2 GW Module Supply Agreement

CHANGCHUN, CHINA, February. 6, 2019 /PVTIME/ - Canadian Solar Inc. (the
"Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the
world's largest solar power companies, today announced that it has signed a
multi-year module supply agreement with Lightsource BP to deliver 1.2 GW of
high efficiency polycrystalline solar modules for projects in the US and Australia. Lightsource BP is a global market leader in
the development, acquisition and long-term management of large-scale solar
projects and smart energy solutions.

The projects will be using Canadian Solar's polycrystalline bifacial high
power BiHiKu (CS3W-PB-AG)
and high power HiKu (CS3W-P)
modules. Canadian Solar is a worldwide leader in solar cell and module
technologies. Bifacial modules generate power from both the front and the rear
sides of the module, which increases the power output compared to conventional
monofacial modules. The very high output of the BiHiKu bifacial modules will
maximize the power generation in a limited area of plant site, while
dramatically reducing the Levelized Cost of Electricity (LCOE) of the power
plant.

"We are pleased to be working with Canadian Solar to deliver our global
pipeline. They are a bankable and industry proven partner for our projects. Our
centralized procurement team selected these modules for their high efficiency
performance and we look forward to seeing the satisfactory results in the field
very soon," commented Kareen Boutonnat,
Chief Operating Officer at Lightsource BP.

Dr. Shawn Qu, Chairman and Chief
Executive Officer of Canadian Solar, commented, "We are excited about the
strong partnership with Lightsource BP that has contributed to the 1.2 GW of
module sales commitments. As a solar technology leader, we are working
continuously on innovation. I am proud to see that our high-power modules,
based on the latest bifacial technology, have been selected for these projects
in Australia and the US."

SOURCE: Canadian Solar Inc.

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