Canadian Solar Signs Solar Power Purchase Agreement in Australia with Amazon

PVTIME - Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its subsidiary Canadian Solar Australia has signed a power purchase agreement ("PPA") with Amazon.

The solar power will be supplied from the Company's 146
MWp/110 MWac Gunnedah solar farm, which will reach commercial operation by
2021. The solar farm will utilize Canadian
bifacial modules

The agreement with Amazon is Canadian
Solar's first PPA in New
South Wales and marks its strategic entry into the large Australian
Consumer and Industrial ("C&I") PPA market.

"Canadian Solar
is very proud to sign this power purchase agreement with Amazon. Our team has
worked hard to bring this opportunity to fruition, and we look forward to
further collaboration with Amazon, while we bring the Gunnedah project to
commercial operation. We are honored to help Amazon meet its renewable energy
goals by utilizing our solar technology and development expertise," said Dr. Shawn Qu, Chairman
and Chief Executive Officer at Canadian Solar.

Dr. Shawn Qu continued,
"Canadian Solar is a leading
developer in the Australian solar market, where we have a pipeline of nearly
1.2 GWp, including 335 MWp of projects ready to build. We look forward to
growing our solar projects and solar module supply businesses in Australia,
while expanding into other C&I sectors in this region. We see a bright
future ahead as Australia
continues to expand its renewable energy market."