Canadian Solar Announces Delivery of BIPV Modules for 2008 Olympics

JIANGSU, China, June 11 /Xinhua-PRNewswire/ — Canadian Solar Inc.
(”the Company”, “CSI” or “we”) (Nasdaq: CSIQ) today announced it has
completed the delivery of 66 KW of BIPV modules for the lamp posts along
the Olympic Boulevard from the “Bird’s Nest”, the main stadium for the 2008
Olympic Games, to the Olympic Square. This BIPV project sits right on the
axis of Beijing, symbolizing the nation’s increasing commitment to
sustainable development. Over its 25-year operating lifespan, this solar
power system, with modules horizontally placed for aesthetic purpose, will
still generate more than 1,925,000 Kilowatt hours and reduce CO2 emissions
by more than 2750 tons.

Dr. Shawn Qu, Chairman and CEO of Canadian Solar Inc. commented: “We
are very pleased to have won this prestigious contract and be a part of the
2008 Olympics. BIPV directly applies solar technology to architecture,
which is a fast growing area of solar applications. Given CSI’s years of
experience in specialty solar modules and customized solar system design,
we are ready to bring our expertise to many other future BIPV projects.
China is on its way towards becoming a major solar market, and this
contract will help us improve our already strong foothold in the market.”

China instituted its “Renewable Energy Law” in 2006, making it
mandatory for the State Electric Grid to connect to solar power and pay
favorable feed- in tariffs. The execution procedure for this law, however,
has yet to be released. Additionally, in August 2007, China’s National
Development & Reform Commission (NDRC) 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.