SAN RAMON, Calif., Aug. 19, 2013 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company," or "Canadian Solar"), one of the world's largest solar power companies, today announced its modules would be used for a landmark solar project in the Leeward Islands. Comet Solar, an Anguilla based solar installation company, selected Canadian Solar for the installation, which at 600KW is the largest commercial project permitted by the St. Kitts & Nevis Government to date.
S. L. Horsford, a diversified trading company involved in multiple trading, service and manufacturing activities through its various operating departments, subsidiary companies and associated companies contracted Comet Solar for the installation. The installation will span eight different buildings and various businesses, including supermarkets, which have a high refrigeration load. Construction has already started.
Chris Mason, Comet Solar's owner, stated, "This project is our largest to date, with the challenge of having a remote location, a range of building types from steel buildings to concrete roofs and a mix of British and American electrical systems and voltages. As always, we wanted to ensure complete customer satisfaction for the life of the project. Canadian Solar's high quality, warranty and reputation meant we could be confident the client's investment would be protected and we would receive the best in customer support. While the price was also very competitive, warranty and quality were our first concern."
"We are pleased to be selected by Comet Solar for this exciting installation, which will directly help the business owner to reduce its high electricity bill due to refrigeration, air conditioning and other constant energy demands compounded by the high temperatures in the region," commented, Dr. Shawn Qu, Chairman and CEO of Canadian Solar. "This latest win demonstrates the true power of solar energy to make our daily lives richer through renewable energy."
Industry leading product warranties enable Canadian Solar to provide customers the confidence to choose a quality module priced competitively. Module warranties include a 25 year industry leading linear power output warranty, 10 year product warranty on materials & workmanship and 100% non-cancellable and immediate warranty insurance coverage by reputable A-rated investment-grade insurance carriers.
About Canadian Solar Inc. (NASDAQ: CSIQ)
Founded in 2001 in Canada, Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world's largest and foremost solar power companies. As a leading vertically integrated provider of solar modules, specialized solar products and solar power plants with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia, Canadian Solar has delivered more than 5GW of premium quality solar modules to customers in over 70 countries. Canadian Solar is committed to improve the environment and dedicated to provide advanced solar energy products, solutions and services to enable sustainable development around the world. For more information, please visit www.canadiansolar.com.
About Comet Solar Inc.
Comet Solar is a Caribbean based solar installation company and NABCEP Certified PV Installer that specializes in commercial solar installations and large residential systems in the Leeward Islands. Comet Solar's installations are of the highest technical quality due to experience in Caribbean solar installations and dedication to high standards. For more information, please visit www.cometenergysystems.com
Safe Harbor/Forward-Looking Statements
Certain statements in this press release, including but not limited to statements regarding the expected start of construction, date of completion and milestone payment terms, are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the risks regarding general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand in our project markets, including Canada; changes in customer order patterns; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; utility-scale project approval process; delays in utility-scale project construction; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 26, 2013. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
SOURCE Canadian Solar Inc.