Canadian Solar Inc. (NasdaqGM:CSIQ) has signed an annual sales and distribution contract with pro solar Solarstrom GmbH in Germany. It has an estimated annual value of approximately $30 to $40 million in 2007.
CSI will supply to pro solar Solarstrom its high-quality photovoltaic solar modules, in particular the newly certified model CS6P-210, which yields 210-240 W electrical output from a single module. “pro solar Solarstrom is one of the most successful solar electric system providers and wholesalers for photovoltaics in Germany, as well as an existing CSI customer. This contract expands our current business relationship, continues our overall global expansion and gives us added confidence in our business outlook for 2007,” commented Dr. Shawn Qu, Chairman and CEO of CSI.
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a standard solar module and specialty solar module and product company, serving customers located in various markets worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China.
About pro solar Solarstrom GmbH
Founded in 1988 as part of the pro solar Energietechnik GmbH, the company belongs to the solar pioneers that recognized the potential of solar energy. Headquartered in Ravensburg, pro solar Solarstrom is an active system-provider and wholesaler serving the German and European markets. www.pro-solar.com
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