PRESS

GUELPH, Ontario and SAN FRANCISCO, Dec. 18, 2018 – Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies today announced its wholly owned subsidiary Recurrent Energy LLC (“Recurrent Energy”) has completed the sale of its 150 MWac/210 MWp Mustang Two solar project to Solar Frontier Americas (“SFA”).

“The Mustang Two transaction is the latest example of the strong demand we see globally for Canadian Solar’s high quality solar assets, given our ability to partner at various points in a project’s development.” said Shawn Qu, chairman and chief executive officer of Canadian Solar. “We are pleased to partner in this transaction with Solar Frontier Americas, given its extensive solar project development and construction experience.”

Located on 1,400 acres in Kings County, California, the Mustang Two project is expected to create approximately 400 jobs during peak construction. In this partnership, Recurrent Energy will continue to manage the development of the project, readying it for construction; Solar Frontier Americas will finance and manage the construction of the project, which is slated to achieve commercial operation in 2020. The project will then be operated by Solar Frontier Americas’ growing independent power producer (“IPP”) business.

“With this important acquisition, SFA further expands its U.S. business to become an independent power producer, an owner of operating electric power facilities,” said Charles Pimentel, CEO of Solar Frontier Americas’ IPP business unit. “We already have a substantial greenfield pipeline and are actively acquiring utility-scale projects and development assets to further scale our business.”

Once the project is operational, the energy generated by the solar power facility will be split between two long-term power purchase agreements: Peninsula Clean Energy (the community choice energy agency which serves San Mateo County) is contracted to receive 100 MWac, and the Modesto Irrigation District will acquire 50 MWac. The combined energy generation from the two PPAs will power 37,500 homes with clean electricity.

About Solar Frontier Americas

Solar Frontier Americas, a U.S. based subsidiary of Showa Shell Sekiyu K.K. (a global energy solutions company), is a growing independent power producer, solar developer and module supplier. The vertically-integrated energy company acquires, develops, owns and operates high yield utility-scale solar power generation plants; selling the clean energy to help communities both economically and ecologically live in healthier environments. With offices in California and Nevada, SFA continues to develop its growing pipeline of over 1 GW of utility-scale projects. Part of a longstanding organization recognized internationally for their dedication to excellence in quality and service, SFA continues that tradition in their North American renewable energy business. Learn more at www.solar-frontier.com.

About Recurrent Energy

Recurrent Energy is a leading utility-scale solar and energy storage project developer, delivering competitive, clean electricity to large energy buyers. Based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar Inc. and functions as Canadian Solar’s U.S. project development arm. Recurrent Energy has approximately 5 GW of solar and storage projects in development in the U.S. Additional details are available at www.recurrentenergy.com.

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 17 years, Canadian Solar has successfully delivered over 30 GW of premium quality modules to over 150 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.

Canadian Solar’s 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 26, 2018. 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.

SOURCE Canadian Solar Inc.

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http://www.canadiansolar.com

Tokyo, Dec. 19th, 2017 – Solar Frontier Americas Development, a leading U.S. solar developer and subsidiary of the world’s largest CIS solar energy solutions provider, Solar Frontier, announced today it completed the sale of its solar power project, Midway I to X-ELIO, a global developer and operator of solar plants headquartered in Spain. X-ELIO became the solar development vehicle of KKR, a multinational investment firm, in 2015. The 66 MWDC solar power plant is located in Imperial County, a few miles northwest of Calipatria, California.

The project has been financed by Santander Global Corporate Banking, a division of Santander Bank and Prudential Capital Group under a hybrid debt and fixed rate notes structure that covers the entire contracted period. Tax equity is being provided by U.S. Bancorp Community Development Corporation, a division of U.S. Bank. Still under construction, the project will commence operations in the next months and will supply renewable energy under two power purchase agreements, during a total period of 23 years.

Charles Pimentel, CEO of Solar Frontier Americas Development said, “Solar Frontier Americas has developed and sold six utility-scale projects totaling 173 MWDC and are continuing to grow our pipeline which currently exceeds 550 MW of solar projects. The addition of such a highly-esteemed, international investor to our customer base is proof that our development capabilities continue to expand and gain recognition. X-ELIO’s world-class team worked collaboratively with us to complete this transaction.”

Jorge Barredo, X-ELIO’s CEO, said, “I am proud of the successful outcome of months of work on this project. We have partnered with Solar Frontier’s expert team since May, and worked hard in creating an extremely competitive capital structure. We are now ready to deploy capital at any stage of the project lifecycle, from development to operation and we rely on a growing team of highly experienced people to develop our pipeline, forge partnerships with other development companies, and become a major player also in the United States.”

About Solar Frontier Americas Development

Solar Frontier Americas Development, a subsidiary of Solar Frontier (a global energy solutions company), develops and sells high performing, utility–scale photovoltaic plants in the United States and Latin America. Headquartered in San Francisco, California, the development team partners with solar system component suppliers, EPCs, and other developers to deliver optimized, high–yield solar plants that both economically and ecologically help meet the clean energy needs of today.

About Solar Frontier

Solar Frontier is the world’s largest provider of CIS solar panels, system solutions and services. Our solar panel technology delivers economical and environmental advantages in real-world conditions – where it counts – and our solutions range from innovative rooftop systems to professional power plant development services.

Solar Frontier K.K. is a 100% owned subsidiary of Showa Shell Sekiyu K.K. (TYO:5002) (“Solar Frontier”) and is headquartered in Tokyo, Japan.

About X-ELIO

X-ELIO specializes in the development, construction, operation and maintenance of solar plants in the U.S., India, the Middle East, Japan, South Africa, South America, Italy, and Spain. The business is currently present in 18 countries. The etymological cornerstones of X-ELIO’s name are Ex (meaning ‘out of’ and ‘from’) and Helios (the god who is the personification of the sun in Greek mythology.) It reflects X-ELIO’s ambition to be a global industry leader with a consummate financial performance as well as a sustainable, renewable energy provider, dedicated to helping to cut greenhouse gases and fight climate change.

TOKYO, Sept. 12, 2017 – Solar Frontier Americas Development, a leading U.S. solar developer and subsidiary of the world’s largest CIS solar energy solutions provider, Solar Frontier, announced today it has sold two fully developed solar project sites to Capital Dynamics. Located in Fresno County, just South of San Joaquin, California, the sites combined have a planned capacity of 28 megawatts DC. Capital Dynamics, a Swiss-based asset management company investing in private equity and clean energy infrastructure, plans to execute construction on the projects. The projects are packaged with permits and power purchase agreements (PPA) with Pacific Gas & Electric.

Charles Pimentel, CEO of Solar Frontier Americas Development said, “Solar Frontier continues to grow its development organization and deliver world-class, utility-scale solar projects. We are pleased to close the sale of these California projects and expand our relationship with one of the leading clean energy infrastructure firms, Capital Dynamics.”

“Solar Frontier Americas Development has delivered well-executed solar sites that we plan to progress into construction in the next quarter. Our team has successfully acquired 14 solar portfolios to date and we look forward to completing construction on these projects in Fresno County,” said John Breckenridge, Head of Capital Dynamics Clean Energy Infrastructure. “We are excited to bring the local community clean, renewable energy and contribute to helping the national solar leader, the state of California, move closer to its impressive renewable energy goal of 50% by 2030.”

About Solar Frontier Americas Development
Solar Frontier Americas Development, a subsidiary of Solar Frontier (a global energy solutions company), develops and sells high performing, utility-scale photovoltaic plants in the United States and Latin America. Headquartered in San Francisco, California, the development team partners with solar system component suppliers, EPCs, and other developers to deliver optimized, high-yield solar plants that both economically and ecologically help meet the clean energy needs of today.

About Solar Frontier
Solar Frontier is the world’s largest provider of CIS solar panels, system solutions and services. Our solar panel technology delivers economical and environmental advantages in real-world conditions – where it counts – and our solutions range from innovative rooftop systems to professional power plant development services. We harness the power of the sun to provide a cleaner, more comfortable life for all.

Solar Frontier K.K. is a 100% owned subsidiary of Showa Shell Sekiyu K.K. (TYO:5002) (“Solar Frontier”) and is headquartered in Tokyo, Japan.

About Capital Dynamics’ Clean Energy Infrastructure team
Capital Dynamics’ Clean Energy Infrastructure (“CEI”) team holds extensive expertise in investing, financing, owning and operating conventional and clean energy businesses globally. Established to capture attractive investment opportunities in this class of real assets, Capital Dynamics’ CEI mandate is to invest directly in proven clean energy technologies – such as solar, wind, biomass, conventional gas generation and waste gas-fueled power generation – across the globe. Since the establishment of Capital Dynamics’ CEI business, the CEI team has acquired, built and now manages 2,056 MW (as of September 2017) of clean energy capacity in North America and Europe.

The information contained in this press release is not to be considered investment advice and shall not constitute an offer to sell or a solicitation of an offer to purchase securities or enter into any agreement with Capital Dynamics.

TOKYO, April 11, 2017 – Solar Frontier Americas, U.S. subsidiary of the world’s largest CIS solar energy solutions provider, Solar Frontier, announced today it has sold its 40 megawatts (DC) (30 megawatts AC), Midway II solar power plant to a subsidiary of Dominion Energy Inc., a wholly owned subsidiary of Dominion Resources, Inc., one of the leading energy suppliers in the country. Dominion serves more than 6 million utility and retail energy customers throughout the U.S.

The Midway II Project, located in the Imperial County of California, is constructed with approximately 242,000 Solar Frontier advanced CIS solar modules mounted on NEXTracker’s high performance single-axis solar trackers. The project has a 25-year power purchase agreement (PPA) with the Imperial Irrigation District (the third largest public power utility in California serving the Imperial Valley) for the electricity produced by the plant.

Midway II (sited on 320-acres northwest of Calipatria, California) is part of Solar Frontier America’s 106 megawatts (DC) Midway projects portfolio. In total, Solar Frontier Americas’ project pipeline has over 400 megawatts of solar projects in various stages of development.

Charles Pimentel, COO of Solar Frontier Americas said, “We’re pleased Dominion is expanding its assets with a solar project developed by Solar Frontier Americas. As a highly successful Fortune 500 company, we applaud the growth of their renewable energy portfolio, their commitment to sustainable energy generation and the reduction of environmental carbon emissions.”

Midway II is expected to generate enough electricity to meet the needs of over 6,500 homes annually. The construction of the Midway projects boosted local employment with over 670 jobs and benefited the county with increased tax revenues that can be invested into programs for local residents.

“This acquisition highlights Dominion’s ongoing commitment to owning and operating renewable energy generation. We are pleased to work with Solar Frontier to provide more clean energy to the grid,” said Jim Eck, Vice President, Business Development & Merchant Operations for Dominion’s generation operating segment.

About Solar Frontier Americas Development
Solar Frontier Americas Development, a subsidiary of Solar Frontier (a global energy solutions company), develops and sells high performing, utility-scale photovoltaic plants in the United States and Latin America. Headquartered in San Francisco, California, the development team partners with solar system component suppliers, EPCs, and other developers to deliver optimized, high-yield solar plants that both economically and ecologically help meet the clean energy needs of today.

About Solar Frontier
Solar Frontier is the world’s largest provider of CIS solar panels, system solutions and services. Our solar panel technology delivers economical and environmental advantages in real-world conditions – where it counts – and our solutions range from innovative rooftop systems to professional power plant development services. We harness the power of the sun to provide a cleaner, more comfortable life for all.

Solar Frontier K.K. is a 100% owned subsidiary of Showa Shell Sekiyu K.K. (TYO:5002) (“Solar Frontier”) and is headquartered in Tokyo, Japan.

About Dominion
Dominion is one of the nation’s largest producers and transporters of energy, with a portfolio of approximately 26,400 megawatts of generation, 15,000 miles of natural gas transmission, gathering and storage pipeline, and 6,600 miles of electric transmission lines. Dominion operates one of the nation’s largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers.

Tokyo, July 11, 2016  – Solar Frontier Americas, US subsidiary of the world’s largest CIS solar energy solutions provider, Solar Frontier, announced two utility-scale solar projects from its development pipeline are now in the construction phase. Located in California’s Imperial County, Midway I is 67 MWp and has an executed power purchase agreement (PPA) with Pacific Gas & Electric. Midway II, also located in Imperial County, is 40 MWp and has a PPA with the Imperial Irrigation District.

Managing both projects is Solar Frontier Americas Development, the utility-scale project development division of Solar Frontier Americas. The division is comprised of an experienced team offering development expertise, substantial financial resources and a network of industry relationships to ensure solar projects are successfully executed on schedule. Blattner Energy is providing EPC services, Power Electronics will supply inverters and NEXTracker will supply its NX Horizon™　single-axis trackers for increased energy yields.

Charles Pimentel, CEO of Solar Frontier Americas Development, said, “Solar Frontier has developed an extensive U.S. project development pipeline of over 400 MW and has rapidly established itself as a reliable and bankable player in the solar development industry. We are pleased to now start construction of Midway I and Midway II, two solar power plants that will deliver economical, clean and renewable energy.”

Ryan Kelley, Imperial County Supervisor, District 4, said, “Solar Frontier’s solar projects will generate hundreds of direct jobs and employ local workers in Imperial County, California. The projects will drive significant dollars in local sales and property taxes and contribute to the local economy.”

Solar Frontier is a Tier 1, fully integrated module manufacturer with industry-leading research and development facilities and project development services.

Construction workers clear the ground at Solar Frontier Americas Development’s Midway I Project for the installation of perimeter safety fencing.

About Solar Frontier

Solar Frontier is the world’s largest provider of CIS solar panels, system solutions and services. Our solar panel technology delivers economical and environmental advantages in real-world conditions – where it counts – and our solutions range from innovative rooftop systems to professional power plant development services. We harness the power of the sun to provide a cleaner, more comfortable life for all.

Solar Frontier K.K. is, a 100% owned subsidiary of Showa Shell Sekiyu K.K. (TYO:5002) (“Solar Frontier”) and is headquartered in Tokyo, Japan.

Tokyo, January 27th, 2016 – Solar Frontier Americas Development, a utility-scale solar project developer and financier of high-performing solar projects and subsidiary of Solar Frontier, announced today that it will hold a ribbon cutting event for Calipatria, its 20 MW solar project currently nearing completion in the Imperial Valley of California. Solar Frontier Americas Development, one of the largest solar developers in Imperial County, will host government and local officials at the project site near the county seat of El Centro, California.

The Calipatria project will deliver approximately 52,200 MWh of clean energy per year – enough energy to power almost 5,000 homes along with offsetting over 39,000 tons of carbon dioxide annually. The solar energy plant project generated dozens of jobs and employed local workers in Imperial County. Over the lifetime of the solar plant, it will pay hundreds of thousands of dollars in local sales and property taxes and will help contribute to the local economy.

Senator Ben Hueso, representative of the 40th district, has actively worked to create policies that would support renewable energy projects in Imperial County. “I’m pleased with the Solar Frontier Americas solar project and the benefits of job creation and local economic support it’s brought to Imperial Valley,” said Senator Hueso.

Cary Vandenberg, VP of Business Development and Managing Director of Solar Frontier Americas Development, said, “Our team proficiently executed management of this project working closely with Imperial County officials. We thank them for their forward-thinking leadership in regard to renewable energy and the role they played in supporting the progress of this solar project.”

Solar Frontier Americas Development was formed when Solar Frontier acquired the North America Solar Project pipeline of Gestamp Solar in early 2015. The newly formed subsidiary has assembled a highly-skilled development team and began execution on a 280 MW pipeline of approximately 10 photovoltaic (PV) projects located primarily in California.

About Solar Frontier Americas Development LLC

Based in San Francisco, California, Solar Frontier Americas Development LLC, develops and sells utility-scale solar power generation plants. With an accomplished expert development team who have managed the construction of hundreds of megawatts of solar energy power generation plants, the company specializes in delivering best-in-class projects managed and constructed for long-term, superior performance.

About Solar Frontier

Solar Frontier K.K., a 100% subsidiary of Showa Shell Sekiyu K.K. (TYO:5002) (“Solar Frontier”), has a mission to create the most economical, ecological solar energy solutions on Earth. Building on a legacy of work in solar energy since the 1970s, Solar Frontier today develops and manufactures CIS (denoting copper, indium, selenium) thin-film solar modules for customers in all sectors around the world. Solar Frontier’s gigawatt-scale production facilities in Miyazaki, Japan, integrate compelling economical and ecological advantages into every module: from lower energy requirements in manufacturing to the higher overall output (kWh) of CIS in real operating conditions. Solar Frontier is headquartered in Tokyo, with offices in Europe, the U.S.A., and the Middle East.