Canadian Solar

Win with Canadian Solar

June 2014

2 www.canadiansolar.com

Contents

Our Strengths

Our Products

Our Success Stories


Top 3 Module Producer in The World

Top 3 module supplier in the world

Over 1.3GW project pipeline

Bankable brand with proven track record of

delivering quality modules

Best product warranty backed by investment

grade insurance policy

Founded in Ontario, 2001

Listed on NASDAQ (CSIQ) in 2006

Over 8,000 employees globally

Global footprint in 90 countries

2014 Shipment Guidance

2.5~2.7 GW

2014 Module Capacity

2.6~3 GW

2013 Shipment

1.89GW

2013 Revenue

$1.65 Billion


Over 13 Years Successful Records

2001

Audi becomes a

customer for solar

battery chargers

Canadian Solar

Founded in

Toronto,

Canada

Certified for

ISO9001:2000 and

ISO/TS 16949:2002

(automotive

industry quality

standard)

Certified for

IEC61215 and

TUV Safety

Class II

2003 2005

2006

Certified for

QC080000HSPM

(Hazardous Substance

Process Management )

Started Canadian Solar

Japan operation

Commissioned

module factory in

Canada， start to

develop solar project

in Ontario

Launched

ELPS Module

2008 2009

2010 2011

2012

Project Pipeline:

1300MW

2013

Launched

ResidentialAC

Solution

166 MW Germany project

awarded "The best Solar

Project in the World" by the

POWER_GEN International

2014

Project sales contribute 50% of the total revenue


Rome, Italy Sales Office

Singapore Sales Office

Bordeaux, France Sales Team

Madrid, Spain Sales Office

Munich, Germany EMEA Headquarters

London, UK Sales Team

Ankara, Turkey Sales Team

Guelph, Canada Global Headquarters

Sydney, Australia Sales Office

Tokyo, Japan Subsidiary

Suzhou, China Subsidiary

Seoul, South Korea Sales Office

Thailand Sales Office

Johannesburg, South Africa Sales Office

Framingham, US Sales Office San Ramon, US

Canadian Solar Inc.

Global Network for Production, Sales & Service

Abu-Dhabi Sales Office

Brazil, Sales Team

India Sales Office

Philippines Sales Team

Chile, Sales Team

More than 8,000 employees in over 20 countries


Industry Leading Customer Base

Representative Customers

Cumulative module sales > 6 GW

Over 13 Year’s track record

Installations in 90 Countries


519.5 525.6 613.0

357.3 361.4

213.9

438.8

CSIQ TSL YGE JASO JKS HSOL SOL

Q4 -

2013

519.5 551.2

638.1

768.4

CSIQ SUNE SPWR FSLR

Gross Profit

($million) 101.3 79.1 74.6 55.3 89.3 101.3 130.7 -14.2 189.3 47.4 30.2

490.9 548.4 596.3

287.3 320.7

185.5

419.3


Q3 -

2013

Gross

Margin (%) 20.4 15.2 13.7 11.3 22.3

490.9 611.5

657.1

1,265.6

CSIQ SUNE SPWR FSLR

20.4 29.4 9.9 28.8 8.1 5.1

Gross

Margin (%) 19.5 15.1 12.2 15.5 24.7 19.5 20.5 -2.6 24.6 10.8 14.1

Healthy Financial Condition - Revenue ($million) and Gross Margin

8 www.canadiansolar.com Source: Press releases, conference call scripts, analyst reports

Q4 -

20

13

Operating

Margin % 8.7 2.7 -16.0 2.7 12.0 8.7 -33.5 5.7

CSIQ SUNE SPWR FSLR

7.8 1.9 -1.8

45.3

14.1

(98.2)

9.7

43.3

(3.9)

8.2


45.3

(184.4)

36.7 60.3

Q3 -

20

13

Operating

Margin % 11.3 1.1 -1.9 -1.8 12.4 11.3 -8.0 17.3

CSIQ SUNE SPWR FSLR

16.4 -43.0 -11.7

55.3

6.0

(11.5)

(5.2)

39.9

(21.7)

(180.3)


55.3

(49.1)

114.0

207.9

Healthy Financial Condition - Operating Income/Loss - $ million


250.5

2,858.8

112.0 -1,101.0

CSIQ SUNE SPWR FSLR

250.5 474.7

1972.5

136.2 504.2 570.3 586.1


Q4 -

2013

Net Debt/

Equity % 64.1 58.1 2,351 17.8 151.9

Source: Press releases, conference call scripts, analyst reports

• Note: Net/Debt to Equity excludes minority interest from total equity

64.1 10.0 1195.0 -24.5 161.0 182.6

310.5

2,360.9

145.8 -963.4

CSIQ SUNE SPWR FSLR

310.5 543.9

2,117.1

227.1 420.2 557.5 504.3


Q3 -

2013

Net Debt/

Equity % 85.9 67.8 1,020 32.3 140.8 27.2 13.5 484.8 -21.8 296.0 179.8

Healthy Financial Condition – Net Debt ($million)


Industry Leading R&D Team

Location Canada and China

Number of R&D Employees 371 (With PhD, Master & Bachelor degree…）

Facility Size 2,000 square meter (21,526 square feet)

Departments Center for Photovoltaic Test and Reliability Analysis,

Center for Solar Cell Research & Center for Solar Power System

Over 217 patents worldwide Around 163 patents applications pending worldwide

Strategic R&D partnership with NREL, ECN, DuPont, University of Toronto.


*Through UL’s Witness Test Data Program (WTDP) tests may be conducted at customer or third-

party test facilities under the supervision of UL personnel.

Reliability Testing Lab certified according to ISO17025 Module Reliability Tests following IEC61215, IEC61730 and UL1703 standards Partner with Intertek in USA and qualified as its certification testing center

Witness Test Lab* with the certification of VDE/CSA

Company Owned PV Testing Lab

State of the Art Testing Lab

Company Owned PV Testing Lab

Guarantee all modules meet or exceed our module warranty specification Continuously ensure products are in compliance with IEC /UL requirements Support reliability & safety enhancement of products Internally qualify new module design, new manufacturing processes and the use of new materials

Key Benefits


Industry Leading Cell Technology and Efficiency

2008

2009

2010

2011

Future

2012

2013

2014

100% solar grade

metallurgical silicon cells

19% mono silicon cells

efficiency using

Enhanced Selective

Emitter (ESE) technology

17.5 % poly silicon cell

efficiency with double

printing technology

Enhance ELPS mono

cell efficiency to

21.1%

N-type mono cell efficiency

up to 21.5%; four-bus bar

cell technology

Improve cell efficiency

up to 22%

R&D N type cell

targeting higher

efficiency

ELPS mono cell efficiency

at 19.5% and poly cell at

18% using MWT

technology


AC Module Pioneer

Black Frame (Poly) All Black (Mono)

Panel level DC to AC power conversion

Dramatically simplifies system design

Shade tolerant and no module mismatching

No high voltage DC, no arc faulting

Plug & play technology

Module-level monitoring, alerts, and reports

Better Solution 15% more energy + 15% less system cost

Data

Monitoring

Route


Experienced Project Developer

Started project development in 2009 More than 200 project experts Experienced international team provide quality one-stop service Over 500MW PV project EPC experience globally More than 1.3GW project pipeline worldwide Well recognized by finance institutions in every market EPC services, project development and total solutions represent 28.6% of revenue in 2013, and target to reach 50% in 2014

Experienced, International, Bankable


Strong Bankability

http://www.google.com/url?sa=i&source=images&cd=&cad=rja&docid=T7cJjVZUSiFbTM&tbnid=1Bjfxpx5yIBeJM:&ved=0CAgQjRwwAA&url=http://www.elizabethstonehouse.org/get-involved/wilderness-heals.aspx&ei=6hHTUcjMLsSiiQLPp4DwBA&psig=AFQjCNGH2CA1b9Yn2MA_0iZ5BlS9GGIyoA&ust=1372873578816599


Contents

Our Products

Our Strengths

Our Success Stories


World Class Product Portfolio

On-grid system Kits Off-grid Solar Power Systems

CS6P CS6X CS6K Mono

ELPS Mono

Solar Modules

CS6V

Poly Poly ELPS Mono

Poly Mono


High-Eff Module, Residential

The industry leading module efficiency improves the energy yield on unit space and reduces the BOS cost.

Module Type CS6V-MM CS6V -M CS6V-P

Module Power 220~225W 215~220W 205~210W

Module Size 1638 x 826 x 40 mm

Cell Type ELPS Mono Mono Poly

Cell Size 6 inch

Cell Array 5 x 10

* For more product information, please download our datasheets.


High-Eff Module, Commercial / Utility

The industry leading module efficiency improves the energy yield on unit space and reduces the BOS cost.

Module Type CS6P CS6K CS6X

Module Power 250~265W 265/270W 300~305W

Module Size 1638 x 982 x 40 mm 1650 x 992 x 40 mm 1954 x 982 x 40 mm

Cell Type Mono or Poly ELPS Mono Poly

Cell Size 6 inch

Cell Array 6 x 10 6 x 10 6 x 12

* For more product information, please download our datasheets.


On-grid Residential System Kits

On-grid residential system sizes: 1.5kW(CS1500), 3.0kW(CS3000), 5.0kW(CS5000) and 10kW(CS10000) Also provides customized solar system solutions for special requirements

Main components:

Robust CS6P-250P solar module Advanced MPPT automatic tracking inverter, 97.8% high efficiency High quality mounting system, DC combiner, isolator and cables

System Benefits: One stop solution saves customers ‘ internal logistic resource on vendor selection Cost effective BOS sourcing enhances investment return on solar PV system

Module Inverter Mounting System


Maple solar system applications:

Lighting in rural areas

Power supply in disasters or for outdoor activities

Maple solar system benefits:

Economical and convenient

Pollution and fire hazard free with no kerosene burning

Better lighting with energy efficient LED and energy saving mode

Cell phone charging USB socket with multiple plugs

4400 mAh Li-ion battery with up to 3 years life

Mobile and Distributed solar lights

Off-grid Systems – Maple Solar Systems

System Sizes: 3W, 5W, 10W


Andes solar system is an economical source of electricity to homes and communities without access to grid electricity or where electricity supply is scarce.

Andes solar system benefits:

Highly portable - Easily carried around and quick to install

Pollution and fire hazard free with no kerosene burning

Ergonomic appearance and design

Intuitive user-interface

Cell phone charging USB socket with multiple plugs

Better lighting with energy efficient LED

FM/AM Radio and MP3 player controller

Off-grid Systems – Andes Solar Systems

System Sizes: 30W or 50W


Best Product Features

High module wattage up to 330W

Positive power tolerance: 0 ~ +5W

Robust frame to withstand 5400 Pa load

Self-cleaning surface

Outstanding performance at low

irradiance

High energy yield at Low NOCT


Best Product Quality

EL screening to eliminate product defects;

Current binning to improve system performance

Water resistant IP67 junction box

Salt mist resistant certified according to severity level II

Ammonia resistant module validated by TUV RH

Passed the Blowing Sand Test from SGS Germany, according to

IEC 60068-2-68 Lc2 and AECTP 300 method-313 for North

America

Ammonia Resistant

Certificate

Salt Mist Resistant

Certificate

Nonincendive Electrical Equipment

Blowing Sand Resistant Certificate


Best Service & Support

150+ professional support staff with PV knowhow

Around Globe & Around Clock

10 languages

24-hour on-line quick response

3rd party PV testing support

100% hassle free warranty claim

360º support covering module, system and finance

bankability


Insurance policy matches Canadian Solar’s standard warranty terms

Coverage starts immediately and lasts for 25 years

Covers worldwide modules sales from all CSI subsidiaries to any country

The policy is non cancelable and allows third party bankruptcy rights (satisfying investor/ banker requirements

Insurance purchased through PowerGuard, and underwritten by world top insurance companies

Best Product Warranty Backed by Insurance

10-year product workmanship warranty

25-year linear power output performance guarantee

Guarantee 97% of the labeled power output in the first year

Decline of no more than 0,7% annually

By year 25 the actual power output will be no less than 80% of the module's labeled power output

Industry Leading Product Warranty… ….Backed by Investment Grade

Insurance Policy


Quality and Performance Certification

IEC 61215 & IEC 61730, UL 1703 & UL 790 & CEC

CE conformity, MCS (EN45011)

REACH Compliance

ISO 9001:2008 Quality Management System

QC080000:2005 HSPM Hazardous Substance Process Management

ISO 14001 Environment Management System

ISO TS16949:2009 First PV manufacturer to adopt ISO TS16949 for PV quality control

OHSAS 18001 Occupational Health and Safety

International Environmental & Quality Management Standards

International Testing Standards


3rd Party Quality Validation by Pvsyst

*Performance Ratio is the ratio of the AC energy generated from the solar plant to the ideal, in-plane DC energy input available to the solar modules in the plant. *PV module data, import/export with PVsyst V6.11

Outstanding performance validated by Pvsyst Simulation For a 3MW grid-connect PV project in Los Angeles USA, with inverter type SMA Sunny Central 500CP-US, Canadian Solar has performance ratio up to 86.9%%

Produced Energy

(MWh/Year)

5674

5594

5564

5560

5487

5382

5343

5335

5273

5255

5645

5563

5553

5433

5422

5383

86.90%

85.70%

85.30%

85.20%

84.10%

82.50%

81.90%

81.70%

80.80%

80.50%

86.50%

85.20%

85.10%

83.30%

83.10%

82.50%

77% 82% 87%

Canadian Solar CS6P-250P

SunPower SPR-250NE-WHT-D

Hanwha Solarone HSL 60P6-…

Trina TSM-250 P05A

ReneSola JC250M-24/Bb

Jinko JKMS 250P-60

Astronergy CHSM 6610P-250

Yingli YL250P-32b

Sharp ND-R250A5

Solarworld SW 250 Poly

Canadian Solar CS6X-300P

Hanwha Solarone HSL 60P6-…

Trina TSM-300 P14A

ReneSola JC300M-24/Ab

SunPower SPR-300-WHT-I

Jinko JKMS 300P-72

Performance Ratio

http://www.pvsyst.com/

http://www.pvsyst.com/


Highest PTC Rating

Canadian Solar modules ranked highest PTC rating among all P-type modules, bring customer values of more energy production and cash rebate.

60-cell poly module

250W

255W

260W

72-cell poly module

300W

305W

310W

http://www.gosolarcalifornia.ca.gov/equipment/pv_modules.php

http://www.gosolarcalifornia.ca.gov/equipment/pv_modules.php


Contents

Our Success Stories

Our Products

Our Strengths


The World’s Largest Solar Power Plant

Brandenburg, Germany

Size 166 MW

Customer JP Joule/ Saferay

CSI Role Module supplier

Date August 2011 Provided 148MW silicon modules for the world’s largest solar power plant. (The plant has total installation capacity of 166MW, and the rest is made from thin-film modules.)

The Best Solar Project in the World by the POWER-GEN International in 2012


UK Commercial Projects—3MW

Size

Customer

CSI Role

Date

Distribution Centers of Morrison’s stores, UK

3 MW

GMI Energy

Module supplier

2013

Best Commercial Rooftop Installation 2013

by Solar Power Portal

In Bridgwater In Sittingbourne

Greg Barker, UK Minister for Energy and Climate Change commented, “The project in Bridgwater is a terrific example of how solar PV can be successfully deployed on large scale commercial rooftops.”


Canada Utility Project—10.5MW

Napanee, Ontario - Canada

Size 10.5 MW

Customer SkyPower

CSI Role EPC provider

Date January 2012


Canada Utility Project—8.5MW

Thunder Bay, Ontario - Canada

Size 8.5 MW

Customer SkyPower

CSI Role EPC provider

Date December 2011


USA Utility Project—6.4MW

Middle Creek, Willow Springs, NC, USA

Size 6.4 MW

Module Type CS6P-P

CSI Role Project developer

Date 2013


USA Utility Project—4.4MW

Falls Mill, CA, USA

Size 4.4 MW

Customer PSEG Solar Source

CSI Role Project Developer

Date 2013


Japan Residential Projects


Japan Utility Projects – 1MW

Size

Module

CSI Role

Date

佐賀県伊万里市, Japan

1 MW

CS6P-P

Module supplier

2013


India Commercial Projects – 1MW

Size

Module

CSI Role

Date

Alpine Knits, Tirupur, India

1MW

CS6P-P

Module supplier

2013

India's largest Solar PV-Diesel Hybrid Rooftop project


India Utility Projects – 3MW

Size

Customer

CSI Role

Date

Village Kadodiya, MP, India

3MW

Vivaan Solar

Module supplier

2013


Customer Testimonies

“After extensive evaluation we are impressed with the quality of Canadian Solar's PV modules as well as their track record of delivering high quality solar modules to large scale solar power projects worldwide."

"We have been very impressed with Canadian Solar; from product to personnel. Canadian Solar delivers on its promises, which is the kind of partner you need when you are constructing solar energy farms on tight deadlines to exacting standards,"

Mr. Jim Barry Managing Director

"Canadian Solar demonstrates their focus on the development of high quality assets, and we look forward to strengthening our relationship with them."

Mr. Kosho Aikawa Senior Engineer

Mr. Markus Wilhelm Chief Executive Officer

Thank You!

June 2014

Canadian Solar

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