Canadian Solar Announces Agreement with China Sunergy

Canadian Solar Announces Agreement with China Sunergy

November 19, 2007

    JIANGSU, China, Nov. 19 /Xinhua-PRNewswire/ -- Canadian
Solar Inc. ("the Company", or "CSI")
(Nasdaq: CSIQ) today announced that it had entered into
various purchase agreements (the "Agreements")
last week with China Sunergy Co., Ltd. ("China
Sunergy"). 

    The Agreements with China Sunergy are for a total
volume of 25MW of solar cells for 2008.  Under the
Agreements, China Sunergy will supply approximately 12MW
and 13MW of solar cells to Canadian Solar in the first and
second half of the year respectively.  The Agreements will
be denominated in both Chinese Yuan and US dollars, with
approximately 24% of the volume being based on fixed
pricing terms and the remainder being determined on a
quarterly basis.

    Commenting on the Agreements, Dr. Shawn Qu, CEO of
Canadian Solar, said: "We are pleased to have added
China Sunergy to our list of partners, thus continuing to
demonstrate the ability of CSI to establish win-win
relationships with companies in the solar value chain. 
This announcement provides further visibility to the supply
contracts we already had in place in support of our 2008
business plan. We look forward to working closely with
China Sunergy as a part of our long-term supply chain
strategy, which includes continued direct purchasing from a
selected number of long-term strategic cell suppliers in
addition to our internal solar cell production."

    Commenting further, Allen Wang, CEO of China Sunergy,
added: "Following on from this and the recent
agreement with aleo solar of Germany, I am very pleased
with our ability to expand sales both domestically and
abroad.  This latest agreement signifies a substantial
development in our relationship with Canadian Solar, one of
the leading China-based module manufacturing companies, and
is a positive example of how we are developing our high
quality global customer base while further enhancing our
brand recognition within the industry."

    About Canadian Solar Inc. (Nasdaq: CSIQ) 

    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. 
Backed by years of experience and knowledge in the solar
power market and the silicon industry, CSI has become a
major global provider of solar power products for a wide
range of applications.  For more information, please visit
http://www.csisolar.com .

    Safe Harbor/Forward-Looking Statements

    Certain statements in this press release including
statements regarding expected future financial and industry
growth are forward-looking statements that involve a number
of risks and uncertainties that could cause actual results
to differ materially.  These statements are made under the
"Safe Harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995.  In some cases,
you can identify forward-looking statements by such terms
as "believes," "expects,"
"anticipates," "intends,"
"estimates," the negative of these terms, or
other comparable terminology.  Factors that could cause
actual results to differ include general business and
economic conditions and the state of the solar industry;
governmental support for the deployment of solar power;
future shortage or availability of the supply of
high-purity silicon; demand for end-use products by
consumers and inventory levels of such products in the
supply chain; changes in demand from significant customers,
including customers of our silicon materials sales; changes
in demand from major markets such as Germany; changes in
customer order patterns; changes in product mix; capacity
utilization; level of competition; pricing pressure and
declines in average selling price; delays in new product
introduction; continued success in technological
innovations and delivery of products with the features
customers demand; shortage in supply of materials or
capacity requirements; availability of financing; exchange
rate fluctuations; litigation and other risks as described
in the Company's SEC filings, including its annual report
on Form 20-F originally filed on May 29, 2007.  Although
the Company believes that the expectations reflected in the
forward looking statements are reasonable, it cannot
guarantee future results, level of activity, performance,
or achievements.  You should not place undue reliance on
these forward-looking statements.  All information provided
in this press release is as of today's date, unless
otherwise stated, and Canadian Solar undertakes no duty to
update such information, except as required under
applicable law.

    For more information, please contact:

    For Canadian Solar Inc.
    In Jiangsu, P.R. China
     Bing Zhu, Chief Financial Officer 
     Canadian Solar Inc.
     Tel:   [phone]
     Email: [e-mail]

    For Canadian Solar Inc.
    In the U.S.
     David Pasquale
     The Ruth Group
     Tel:   [phone]
     Email: [e-mail]