Canadian Solar Wins U.S. Contract

Canadian Solar Wins U.S. Contract

October 03, 2007

    JIANGSU, China, Oct. 3 /Xinhua-PRNewswire/ -- Canadian
Solar Inc. ("the Company," "CSI," or
"we") announced on Oct. 2 that it has signed a
contract in the United States of America, an important
market for the Company given the expectations for growth.

    Under the agreement CSI will supply American Capital
Energy of Chelmsford, Massachusetts, with its high quality
CS5A solar modules for installations at the Crystal Rock
Pure Water bottling facility. This project, located in
Watertown, Connecticut will convert a commercial roof space
into a private power generation site featuring a 300KW
grid-connected solar power system.

    Dr. Shawn Qu, Chairman and CEO of Canadian Solar Inc.
commented: "This latest contract is an important step
for us as it demonstrates that we can realize commercially
viable projects in price-competitive markets like the U.S.
Solar power is quickly gaining momentum with American
corporations and communities. Our sales team has been
leveraging our European leadership position to raise
awareness in the U.S. We are energized and will look to use
this win to capitalize on other existing and developing
opportunities in the U.S. and broader North American
markets."

    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 American Capital Energy

    American Capital Energy provides full-service solar
energy project integration and installation for large
commercial enterprises. The company is committed to
furthering the utilization of solar energy by America's
most forward thinking companies by offering customized
turnkey solar systems designed for long term performance
and verifiable return on investment. American Capital
Energy is run by solar project professionals with decades
of combined experience in project development and deep
knowledge in the solar industry. For more on American
Capital Energy, please visit
www.americancapitalenergy.com.

     Contacts:

     In Jiangsu, P.R. China                    In the U.S.
     Bing Zhu, Chief Financial Officer         David
Pasquale
     Canadian Solar Inc.                       The Ruth
Group
     Phone: [phone]                   Phone:
[phone]
    [e-mail]                          
[e-mail]

    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]