Canadian solar company sets efficiency record

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Ontario, Canada -- Canadian Solar Inc. has announced a new efficiency record for one of its key products.

In-house tests found that the company's proprietary mono ELPS solar cell efficiency reached 21.1 percent. This is the highest performance reached to date for a P-type mono-crystalline cell.*

Canadian Solar's ELPS cells feature a Metal Wrap Through (MWT) design, which moves the front busbars to the back of the cells allowing 3% more light absorption per cell. As a result, ELPS modules deliver up to 7% more electricity than similar configuration conventional solar modules. The ELPS module is nominated for the Intersolar Award 2012 in photovoltaics category.

Canadian Solar is also showcasing its new CS6A-P module, which uses 48 pieces of 156mm x 156mm poly-silicon cells. CS6A-P will have power output up to 205W. This product is designed especially for PV roof installations.

It can be used for residential, commercial and industrial rooftops. Improvements to the poly-crystalline cell technology in the CS6A-P, will allow users to benefit from improved ROI, and faster payback.

Last week the company announced it had completed the delivery of more than 40,000 Solar Modules for a 8 MW PV installation built in the German city of Dreieich-Buchschlag. This solar park, built on a former waste landfill site, supplies electricity for 2,000 homes in Dreieich. The Canadian Solar modules were installed on an area spanning 153,000 square meters within the period of a few weeks.

Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar companies, is a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications, The company designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide.

Headquartered in West Guelph, Ontario, Canadian Solar operates in 11 countries: Canada, Germany, Italy, Japan, Korea, Spain,Australia, the United States, Singapore, HangKong and China. For more information, please visit www.canadiansolar.com.

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