CSI Receives 30-MW Order from Systaic

Chinese manufacturer, Canadian Solar Inc. (CSI) has received a purchase order from German system integrator, Systaic AG for 30 megawatts (MW) of solar modules. The modules, which will be delivered to Spain, were orderedorder under a 60-MW annual supply agreement that the two companies announced in October of 2008. Delivery under the agreement has already started.

“The two companies have developed a solid partnership since early 2008, and Systaic has been one of our Top 10 customers in 2008. We have supported each other in recent quarters, leveraging Canadian Solar’s compelling product portfolio and financial strengths with Systaic’s strong system integration capability and large footprint in Europe, especially in the key markets of Germany, Spain and Italy,” said Dr. Shawn Qu, chairman and CEO of CSI.

Including this new 30-MW purchase order, CSI has recently signed or reconfirmed sales contracts, contract extensions or received purchase orders for delivery of about 120 MW of solar module products to 24 customers in Europe, North America and Asia. Most of these deliveries are expected to take place from June to October of this year.

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