Canadian Solar Signs Agreements in Italy and Czech Republic

Canadian Solar Inc. (CSI), a producer of photovoltaic modules announced last week that it signed five new sales agreements in Italy and the Czech Republic in the past three weeks. The customers covered under these agreements are WSW in the Czech Republic, and Arco Energy, AC Service, Ravano Green Power and Albatec of Italy.

The total volume of shipments for the new agreements in 2008 is 14.9 megawatts (MW) and reflects sales of CSI‘s regular module products. The sales will be realized in the second half of 2008.

”CSI has maintained a healthy balance of market segments and a impressive portfolio of strong long-term customers,” said Dr. Shawn Qu, CEO, CSI. “These additional sales agreements reflect the increasing demand for CSI products in new markets. This not only increases our future revenue and market share, but also allows CSI to diversify its geographic sales footprint.”



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