Canadian Solar Signs $60 Million Supply Contract with Gintech Energy Corporation

Canadian Solar Inc. (CSI) announced it has signed an annual solar cell supply contract with Gintech Energy Corporation of Taiwan. Total shipments to CSI under the contract amount are between 17 megawatts (MW) and 22 MW with fixed pricing and delivery schedules in 2008. The shipment will start in January 2008.

This new agreement is a continuation of a relationship between the CSI and Gintech that has been ongoing since 2004.

“Gintech is committed to delivering solar cells of the highest quality at competitive prices to serve our clients. Our goal is to become the best and specialized solar cell producer with solid and diversified customer relationship,” said Scott Kuo, Chairman of Gintech. “Our continued relationship with CSI, one of the leading solar manufacturing companies, brings us closer to this goal.”

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