Canadian Solar Inc. (Nasdaq: CSIQ) has signed a new contract with German City Solar Group to deliver 60 megawatts (MW) of solar modules for a series of solar power station projects in Spain.
The new contract will expand collaborations between the two companies into the Spain, which has one of the fastest growing solar markets in the world.
Shipments are set to begin immediately and the installations are expected to be completed by the Summer of 2008.
CSI recently supplied 11.7 MW solar modules to City Solar for three large-scale solar power projects in Germany.
Mr. Steffen Kammler, CEO of City Solar, AG, said, ‘We have so far implemented several solar farm projects in Germany using CSI modules and we are much impressed by CSI’s superior module quality, after service technical support and its highly efficient and effective management team. We will continue to work closely with Canadian Solar for our future projects.’
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and customer-designed solar application products serving worldwide customers. CSI is incorporated in Canada and conducts all of its manufacturing operations in China.
About City Solar, AG
City Solar AG was founded in 2003 and has its headquarters in Bad Kreuznach, Germany. City Solar’s core business is the design, construction and operation of solar power plants. In addition to activities in Germany, City Solar is becoming increasingly involved in Europe – particularly in Spain, Italy and Greece. In Beneixama, Spain, the company built the world’s largest PV power plant with a nominal power of 20 MW completed in September 2007. For more info visit http://www.citysolar.de