Canadian Solar to Launch Next-Generation PV Modules on Canada Day, July 1

GUELPH,Ontario,June 22,2020 -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) announced today that it will launch Next-Generation PV modules worldwide on July 1 to celebrate Canada Day.

Canadian Solar was founded in 2001,in its eponymous country of Canada,and has forged a strong track record as a technology leader and system solutions provider in the global solar industry. To celebrate Canada Day on July 1,the Company will introduce the suite of new modules in five webinars,accommodating customers across different time zones.

The new Canadian Solar PV modules will mark another breakthrough in module efficiency,propelling solar energy to achieve ever lower levelized cost-of electricity ("LCOE"). The new products will be supported by competitive warranties and the highest level of pre- and post-sales service.

To learn more,register here.

AboutCanadian Solar Inc.

Canadian Solarwas founded in 2001 inCanadaand is one of the world's largest solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale solar power projects in various stages of development. Over the past 19 years,Canadian Solarhas successfully delivered over 43 GW of premium-quality,solar photovoltaic modules to customers in over 150 countries.Canadian Solaris one of the most bankable companies in the solar industry,having been publicly listed on NASDAQ since 2006. For additional information about the Company,followCanadian SolaronLinkedInor visitwww.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 28,2020. 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.

View original content:/news-releases/canadian-solar-to-launch-next-generation-pv-modules-on-canada-day-july-1-301080894.html