CANADIAN SOLAR LAUNCHES NEW BUSINESS UNIT TO DELIVER OPERATIONS & MAINTENANCE SERVICES AT SOLAR ASSET MANAGEMENT AND O&M CONFERENCE IN SAN FRANCISCO
GUELPH, Ontario — Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, exhibiting this week at the Solar Asset Management and O&M Conference in San Francisco, announced that it has launched a new worldwide business unit focused on delivering solar Operations and Maintenance Services for utility-scale power plants.
“Our O&M business was born out of necessity to operate and maintain our own utility scale solar power plants in Ontario, Canada,” said Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar. “Since all the solar plants were our own, we built the O&M team to provide the best quality of service and operations in order to maximize the value of our own solar assets. Now we are making these best practices and processes, fully ingrained in our O&M team’s DNA, available to third-party asset owners.”
To learn more, meet the Canadian Solar O&M team in booth #24 at Solar Asset Management – North America in San Francisco on March 13 and 14, register for Canadian Solar’s webinar on Best Practices for O&M Monitoring which will be held on March 27, 2018 at 11am PST / 2pm EST, or visit the Canadian Solar O&M Services website.
About Canadian Solar Inc.
Founded in 2001 in Canada, Canadian Solar is one of the world’s largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar also has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 16 years, Canadian Solar has successfully delivered over 25 GW of premium quality modules to over 100 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release 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 available supplies 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; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; 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 filed on April 27, 2017. 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. Investors 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.