Canadian Solar and SolarWorld Group Enter into 180 M Euro Supply Contract

Jiangsu, China [] Canadian Solar Inc. (CSI) signed a long term supply contract with Deutsche Solar, the wafer manufacturing subsidiary of Solar World Group of Germany in which Deutsche Solar will supply to CSI approximately 180 million Euro [US$ 233.4 million] worth of Solsix-Multi 6-inch wafers over a 12-year period. Initial deliveries will start immediately, with full annual quantity deliveries to commence in January of 2009. CSI and Solar World Group have worked together for the past two years, during which time CSI has been providing recycled silicon feedstock for Deutsche Solar to turn into wafer on toll manufacturing basis.
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