Canadian Solar Reports Said It Supplied 2.8MW Of Power To Farmers In California

Shares of

were trading higher by more than 1 percent early Friday afternoon after the company

that it supplied 2.8 MW of solar power to the Brar Family Partnerships in California. Canadian Solar noted that the contract will provide enough electricity to power approximately 260 homes for a year and eliminate 2,500 metric tons of carbon dioxide emissions annually - equivalent to removing 500 cars from the road for 1 year. Staten Solar, a Silicon-Valley based EPC company, provided engineering, procurement, and construction services for Brar Farm's solar PV installation. Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "With the continued growth and momentum of solar within California, the inclusion of three-phase inverters as part of our product portfolio allows us to expand our addressable market while providing more value to our customers in the commercial solar segment. By collaborating together with prominent clean tech firms such as Staten Solar, we strive to make our corporate vision a reality through each solar installation in which we take part." "By installing the world's first levee mount Solar PV systems along the Brar Farm's irrigation levees, Staten Solar reduced the use of valuable, productive crop land by up to 30% vs. traditional solar PV systems. The solar energy system will save the client about $600,000 annually, in electricity bills," said Sandipan Bhanot, CEO and President of Staten Solar.