Canadian Solar Signs Agreement to Build 300KW 'Suzhou Solar Demonstration Park'

Canadian Solar Signs Agreement to Build 300KW 'Suzhou Solar Demonstration Park'

September 24, 2007

    JIANGSU, China, Sept. 24 /Xinhua-PRNewswire/ --
Canadian Solar Inc. ("the Company,"
"CSI," or "we") (Nasdaq: CSIQ) today
announced that it has signed an agreement with the
government of Suzhou New District to build the "Suzhou
Solar Demonstration Park," a project that converts a
deserted area into a municipality recreation site featuring
a 300KW grid-connected solar power system.  The park will
also serve as a long-term outdoor reliability testing and
demonstration ground for CSI modules using various new
technologies.

    This is one of the first solar power plant projects
initiated after China adopted its Renewable Energy Law in
January 2006.  The Renewable Energy Law makes it mandatory
for the State Electric Grid to connect to solar power and
pay favorable feed-in tariffs.  The execution procedure,
however, is yet to be released.  In August 2007, China's
National Development & Reform Commission (NDRC) also
published its national development strategy for renewable
energy.  According to this strategy, China targets to
install 300 MW cumulative solar generation capacity by 2010
and 1.8 GW by 2020.

    Dr. Shawn Qu, Chairman and CEO of Canadian Solar Inc.
commented: "We are very pleased to be selected to work
together with the government of Suzhou New High-tech
Development District (SND) to build this demo solar
project.  Solar power is quickly gaining recognition among
policy makers in China.  This site will become a live
'Showroom' to demonstrate to our customers the reliability
and the superior engineering work competence of CSI
products.  This demo project will serve as a concrete
example for government officials in other provinces and
municipalities in their efforts to fulfill the targeted
solar power capacity set by the NDRC.  With China on its
way towards a major solar market, this project will help us
to gain first-mover advantage in this high-potential
region."

    Ms. Wang Yaoshan, Director of Administrative Committee
of Suzhou New High-tech Development District, said:
"We initiated this project in an effort to reduce the
use of fossil energy and to combat the global climate
change.  We seek a balance between economic development and
environmental protection, as we work together with our
central government to reach its goal of 1.8 GW solar power
by 2020.  CSI's expertise in solar power stations has
convinced us that CSI is the best partner to work with for
our first solar project."

    About Canadian Solar Inc. 

    Founded in 2001, Canadian Solar Inc. (CSI) is a
vertically integrated manufacturer of solar cell, solar
module and custom-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 .

    About Suzhou New High-tech Development District (SND)

    In 1992, Suzhou New High-tech Development District
(SND) was formed and became a special economic development
zone in China approved by the State Council of China.  Now
it has a population of 470 thousand and GDP of $6.2 billion
US for 2006.  At the moment, it has attracted 53 Fortune 500
companies with over 1600 direct foreign investment projects,
reaching a total value of $20 billion US.   

    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 and its
registration statement on Form F-1 originally filed on
October 23, 2006, as amended.  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 CSI undertakes no duty to update such
information, except as required under applicable law.

    For more information, please contact:

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

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