Canadian Solar Awarded 32MW Solar PV Module Supply Agreement in China
Canadian Solar (NASDAQ: CSIQ) today announced that it has been awarded a module supply agreement to provide China Perfect Machinery Industry Corp. with 32 MW of solar photovoltaic ('PV') modules for a solar power plant project in China.
"We have been very selective about our module suppliers and we have chosen to work with Canadian Solar as we believe in its rich industry experience and reputation as a reliable partner," commented Chen Wei, General Manager of Operation Department, China Perfect Machinery Industry Corp.
"Our agreement with China Perfect Machinery Industry is another major step in our effort to expand our market presence in China," said Dr. Shawn Qu, President, Chairman and Chief Executive Officer of Canadian Solar. "Clearly, demand for solar modules in China is picking up nicely in the fourth quarter of 2013, with improving pricing and more attractive payment terms and we remain optimistic China will be the largest solar PV market this year and in the foreseeable future. Canadian Solar is well positioned with a strong brand, a solid track record of execution and the industry's leading module