2nd Edition of Innovation and Technology Award Solar Brazil Recognizes the Leading Players in the Sector

GUELPH, Ontario, Oct. 27, 2016 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that the company has won the distinction of "Best PV Module Manufacturer" in Brazil, by an overwhelming voting margin, in the "Second Annual Innovation and Technology Award," organized by FRG Group Media & Events and sponsored by RBS Magazine - Journal of Photovoltaic Solar Energy.

In the last two years, Canadian Solar has won three projects in Brazil totaling 394 MWp with awarded long-term PPAs. Canadian Solar has invested more than US$ 23 Mio in building a local factory with the annual production capacity of 360 MWp of modules. The production will start next month.

Recently Canadian Solar sold 80% interest in its 191.5 MWp Pirapora I project in Brazil to EDF EN do Brasil. Canadian Solar will supply the modules for the Project from its new Brazilian module factory.

"Brazil is a key emerging market for solar and for Canadian Solar. We are extremely proud of the recognition that Canadian Solar has received as a leader in the Brazilian solar market." said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. Canadian Solar will accept the award in a ceremony scheduled for November 16, 2016. Full results of the voting and awards can be found at http://www.premiobrasilsolar.com.br/.

About the Innovation and Technology Award Event:
Smart Energy 2016 e Congresso GD
Site: http://www.smartenergy.org.br/
DATA: 16, 17 e 18 DE NOVEMBRO DE 2016
LOCAL: CURITIBA/PR
E-mail: comercial@grupofrg.com.br
55(42) 3086.8588

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 14 years, Canadian Solar has successfully delivered over 16 GW of premium quality modules to over 90 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.