COMPANY PROFILE EMEA

OVER 12,000 EMPLOYEES

FOUNDED 2001 IN ONTARIO

27 GW OF SOLAR MODULES SHIPPED

11 GW PROJECT PIPELINE NO. 2 GLOBAL PV DEVELOPER IN 2017

COMPANY OVERVIEW

2017 REVENUE $3.39 BILLION

A WORLD-CLASS POWER SOLUTIONS COMPANY

Chairman and Chief Executive Officer Dr. Shawn Qu founded Canadian Solar in 2001 with a bold vision: to foster sustainable development and to make lives better by bringing electricity powered by the sun to millions of people worldwide. The nearly 12,000 dedicated employees of Canadian Solar (NASDAQ: CSIQ) strive each day to make this vision a reality.

The company’s two main lines of business are: (i) the manufacturing and sale of solar PV modules; and (ii) the development, construction and sale of solar PV projects, working with both build-to-sell and build to-hold business models. Over 27 GW of our solar modules have been installed so far, enough to provide clean, green power to an average of 2.3 million households.

Our products are in operation in more than 100 countries, giving us a truly global reach. These achievements put us at the forefront of making solar power competitive and mainstream.

Customers choose Canadian Solar because we deliver the best-possible value. Our wafers, cells, and modules combine superior quality with market-leading cost structures. And our solar projects consistently achieve the highest production values and returns on investment. We currently have more than 11 GW of such projects in our pipeline worldwide and are uniquely positioned to provide complete turnkey solar solutions. By bundling services for the entire project life cycle—feasibility study, permitting, engineering, procurement, construction, and maintenance—we can significantly reduce complexity and cost for industrial and commercial customers.

Dr. Shawn Qu

Chairman, President & CEO (Director)

Yan Zhuang

SVP, Chief Commercial Officer

Thomas Körner

Vice President, Global Sales

MOST RECOMMENDED SOLAR COMPANY IN 2016*

*AC

CO

RDIN

G T

O IH

S M

ARK

IT

Company Overview | 32 | Company Overview

COMPANY FACTSCANADIAN SOLAR HAS BEEN MAKING THE DIFFERENCE FOR 17 YEARS. BY BRINGING A TOTAL OF MORE THAN 26 GW OF SOLAR CAPACITY TO OUR CUSTOMERS WORLDWIDE.

6.8 GW of PV modules were shipped in 2017. Enough to cover over 4,500 football fields and replace three nuclear power stations.

CANADIAN SOLAR EXISTS TO MAKE THE DIFFERENCE.

BUSINESS MODEL OVERVIEW

5,232

1,894

3,105

1,323803

31083 168

1,543

4,706

TOTAL MODULE SHIPMENTS (MW)

CAN

AD

IAN

SO

LAR’

S CO

RE B

USI

NES

S

Silicon Production

String Inverters, MV Stations, Connectors and PV System Components, Energy Storage Systems, Off-grid Products, Micro-grids, Distributed Generation Solutions.

Systems and Solutions

With a strong global team, the total projects pipeline has reached 11.1 GWp in 2018, with 2 GWp of late stage pipeline. 1.2 GWp of projects are currently in operation.

Global Energy Group

0

1000

2000

3000

4000

5000

6000

2017E20162015201420132012201120102009200820072006 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

6,828

15

Ingot casting centralized in Batou, China by year end 2018.

Ingots

Mono- & Polycrystalline

2016 2017 1H2018 E 2H2018 E

Chart Title

2016 2017 1H2018 E 2H2018 E

400

1,200

1,6202,000

MANUFACTURING CAPACITY (MW)

*Planned by year end

Wafer manufacturing capability quadrupled from year end 2016 to year end 2017. Diamond wire saw and Onyx black silicon technology reduce manufacturing costs.

Wafers


2014 2015 2016 2017 1H2018 E 2H2018 E

Chart Title

5,0005,000

2014 2015 2016 2017 1H2018 E 2H2018 E


1,000260 400


5,000

Cell manufacturing has been restored at the Funing factory, which was damaged by a tornado in June 2016. With additional cell manufacturing coming online in Thailand, cell manufacturing capacity nearly doubles to 6.35 GWp.

PV Cells


2014 2015 2016 2017 1H2018 E 2H2018 E

Chart Title

2,440

5,450

2014 2015 2016 2017 1H2018 E 2H2018 E

5,6007,050

1,580


2,700


Module manufacturing capacity at the end of 2018 will reach 9.81 GWp in China, Thailand, and other locations.

PV Modules


2014 2015 2016 2017 1H2018 E 2H2018 E

Chart Title

2014 2015 2016 2017 1H2018 E 2H2018 E

8,3109,910MANUFACTURING

CAPACITY (MW)

6,170

8,110

4,330

3,000


Company Facts | 54 | Company Facts

FINANCIAL STRENGTH

TOP-3 RATED BANKABLE SOLAR COMPANY · Leading BNEF’s Q2 Tier 1 ranking · Bankable at 100+ financial institutions globally · World Bank’s International Finance Corporation has become

shareholder in 2016

INDEPENDENT BANKABILITY REPORTS OF SGURR & DELOITTE AVAILABLE UPON REQUEST

Steady growth has enabled Canadian Solar to become one of the world’s biggest supplier of solar modules. And we’ve done it profitably.

Our net income of $100 million on revenue of $3.39

billion in 2017 was among the best in the industry. These figures underscore Canadian Solar’s ability to combine growth, profitability, and prudent financial management.

SUCCESS BY REGIONGLOBAL MANUFACTURING BASE, GLOBAL CUSTOMER BASE, GLOBAL PROJECT PIPELINE.

Asia

EMEA

Americas

Canadian Solar’s reach is truly global. With the combination of our Energy business, specializing in the procurement and development of large scale utility-scale projects, as well as our module sales, we manage to continuously expand. This is also due to our state-of-the-art manufacturing facilities in Canada, China, Indonesia, Vietnam and warehouses in 18 countries, enabling us to meet customers’ needs 100 percent. And our customer-support team of more than 150 solar experts in 20 countries puts us close to our customers worldwide.

ONE OF THE MOST BANKABLE SOLAR COMPANIES WORLDWIDE

MODULE SUPPLIER RANK BASED ON VOLUME SHIPPED AND RECOGNIZED IN REVENUE

RANK 2011 2012 2013 2014 2015 2016 2017

1ST

2ND Canadian Solar

3RD Canadian Solar

Canadian Solar

Canadian Solar

Canadian Solar

4TH Canadian Solar

5TH Canadian Solar

Source: Canadian Solar Investors Relations and PV-Tech & Solar Media Ltd. Jan. 2018

2016 2017 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018

Financial Strength | 76 | Financial Strength

$677 MILLION TOTAL

$692 MILLION TOTAL

$912 MILLION TOTAL

$1,109 MILLION TOTAL

$668 MILLION TOTAL




ONE TEAM SERVING THREE REGIONS MULTI-FACETED, MULTI-CULTURAL, MULTI-TALENTED

Canadian Solar’s sales business in Europe, the Middle East, and Africa (EMEA) is headquartered in Munich, Germany.The over 80 highly skilled and motivated employees within our EMEA team encompass all relevant functions: sales including key accounts and regional sales, business development, market intelligence, finance, technical, marketing, operations and legal affairs. The EMEA team’s focus is our strong, international sales team as well as our expertise to support all technical-related matters through our presales and after-sales support, including on-site visits and inspections, ensuring the best quality and service for our customers before and after each purchase.

With all this talent in-house, we can offer our customers the full range of services, from presale consultation and system design to after-sale service and training (on site or online).Moreover, our team brings together people of 27 different nationalities, ensuring that we have the cultural competence to understand and serve customers across EMEA. This rich diversity also makes our Munich office a great place to work.

EMPLOYER BRANDRanked first for corporate social responsibility in 2015 and named Canada’s most attractive emplo-yer in the Randstad Awards 2016.

Canadian Solar is committed to: · equal opportunity regardless of race, gender,

nationality, or lifestyle choices · attracting and retaining the best people · providing employees with an enabling, diverse,

and fun work environment

Susanne Pflug, General Manager EMEA, joined

Canadian Solar in 2011.

NO. 1 MODULE SUPPLIER IN SOUTH AFRICA*NO. 1 MODULE SUPPLIER IN MIDDLE EAST AND AFRICA*

NO. 1 PV MODULE BRAND IN 2016*

EMEA OVERVIEW

5 OFFICES, 6 WAREHOUSES IN EMEA

EXTENSIVE EXPERIENCE AND EXPERTISE ACROSS ALL FUNCTIONS

OFFICES, BRANCHES, AND REPRESENTATIVES ACROSS EMEA

ONE TEAM SERVING ALL

EMEA HQ IN MUNICH

*ACC

ORD

ING

TO

IHS

MAR

KIT

EMEA | 98 | EMEA

QUALITY AND SERVICEROBUST CONSTRUCTION IN ACCORDANCE WITH THE HIGHEST QUALITY STANDARDS GIVES OUR SOLAR PANELS OUTSTANDING LONGEVITY

IN-HOUSE TESTING BACKED BY LEADING INDEPENDENT TESTING INSTITUTES

Solar projects typically have a designed operating lifetime of 25 years. Our products have the longevity to meet these demands. We conduct rigorous in-house testing in our own laboratories to ensure durability and regularly submit our products to the world’s leading independent testing institutes, including the Fraunhofer Society and TÜV Labs. We’ve adapted the stringent quality-management systems of the automotive industry to PV manufacturing and check every one of our products at 369 different points along the manufacturing process to ensure their quality. And we comply with a wide range of internationally recognized standards for quality and environmental management.

“We are very impressed by Canadian Solar‘s fast and efficient service and the quality of the

product is also exceptional.”

JACO BOTHA MANAGING DIRECTOR, SOLAREFF

QUALITY CONTROL MEETS HIGHEST INTERNATIONAL STANDARDS

! Compliance with ISO IEC 17024 procedures to approve all materials and components entering our facilities

! Confirmation through IEC 61215 and IEC 61730 tests to ensure product safety and reliability

! Adaption of the stringent quality-manage-ment system of the automotive industry to PV manufacturing

! Compliance with international quality and environmental-management standards ISO 9001, QC080000, ISO 14001 and OHSAS 18001

Price/performance ratio Module quality Likelihood of recommendation

BRAND FOR PRICE/PERFORMANCE RATIO, HIGHEST MODULE QUALITY VERIFIED BY IHS

Source: IHS PV Module Customer Insight Survery 2016

0% 5% 10%

Hanwha Q-Cells

LG

SolarWorld

Trina

Canadian Solar

Hanwha Q-Cells

Trina

Canadian Solar

SolarWorld

LG

Brand for price/performance ratio, Highest module quality verified by IHS. Canadian Solar was confirmed as the module brand with the best price/performance ratio, the highest mod-ule quality and the highest likelihood of being recommended.

0% 10%5%

10 | Quality and Service Quality and Service | 11

SYSTEM SOLUTIONS PROVIDERCANADIAN SOLAR MOVES TOWARDS OFFERING ALL BALANCE OF SYSTEM COMPONENTS, ENABLING US TO SERVE YOU AS A ONE-STOP SHOP.

As a single source for modules, inverters, and more, Canadian Solar simplifies your procurement process with a unified contract, credit process, and invoice, as well as coordinated logistics and warranty, all from a supplier that understands solar.

O&M SERVICES

DECENTRALIZED GENERATION SERVICES

Canadian Solar Operations and Maintenance services are designed to maximize the lifetime value of your solar power plant assets. Leveraging our 16 years of solar industry experience and over 800 MW under O&M operations worldwide, Canadian Solar proactively monitors and manages your plants minimizing downtime and increasing site availability, resulting in maximum energy production, revenues and profitability. Customized service packages offer the right fit for any solar power plant owner.

NEW

T4 PV CONNECTORSThe Canadian Solar T4 PV connector is a high-quality field-installable PV connector-type. These connectors are made of high quality materials that guarantee long-term reliability. Lower contact resistance and higher current transfer capability ensure high product efficiency. T4 PV connectors have IP68 water- and dust-proof rating and can be used in a wide operating temperature range from -40 °C to 90 °C.

! Suitable for 4 mm2 /12 AWG and 10 AWG cables

! Field toolkit, disconnect tool and jumper cables are available

! T4 is the standard connector on Canadian Solar modules

! 1000 V and 1500 V IEC / UL versions are available

Canadian Solar has delivered and constructed over 2.5 GW of commercial rooftops, carports and utility scale ground-mount projects globally. We specialize in full project development and deployment of photovoltaic, hybrid or full microgrid systems ranging from a few hundred kilowatts up to several megawatts.With our ever expanding product and services portfolio we are able to provide our commercial and industrial clients with a true one-stop shop solution, offering integrated design, faster deployment and lower total system cost.

INVERTERSCanadian Solar’s grid-tied, transformerless string inverters are an optimal solution for commercial rooftop and small ground-mount applications. Furthermore, they are a cost-effective alternative to central inverters. Thanks to their modularity, string inverters allow designing power blocks and enable significant BoS cost savings.

! Power classes available: 20 kWp, 30 kWp, 50 kWp & 60 kWp

! Peak efficiency of 98.6 %

! Serviced locally by our partners

! Enable significant BoS cost savings

MV STATIONS

MV Stations are factory-integrated medium-voltage turnkey platforms for utility-scale solar installations. Inverters, transformers, controllers, communication equipment and other auxiliary components specified by the customer are integrated and tested in our state-of-the-art factory in Ontario, Canada. Once the MV Station is certified to applicable UL, IEC and NEC Standards, it is shipped directly to the project site for rapid “plug-and-play” connection, reducing construction costs and minimizing compliance risk of wrong connections on-site. The MV Station is a field-proven design with over 700 MW of installed base across North America.

! Sizes in the range of 2.5 MVA to 5 MVA

! Suitable for 1000 Vdc and 1500 Vdc system design

! Available as skid or containerized solution

12 | System Solutions Provider System Solutions Provider | 13

NEWEST TECHNOLOGY NEW

CS3K-P / CS3K-MS Highlight: Higher power classes combined with high versatilityCells: Poly and mono-PERCPoly: up to 305 WMono-PERC: up to 315 WVoltage: 1000 & 1500 V

CS3U-P / CS3U-MSHighlight: Higher power classes forcommercial and utility-scale solar systems Cells: dual-cell Poly and mono-PERCPoly: up to 365 WMono-PERC: up to 380 WVoltage: 1000 & 1500 V

CS3K-P-FG / CS3K-MS-FG / CS3U-P-FG / CS3U-MS-FG Highlight: Frameless* glass-glass modules with higher power classes for large utility scale systemCells: dual-cell Poly and mono-PERCPoly: up to 365 WMono-PERC: up to 380 WVoltage: 1000 & 1500 V*Also available with aluminum frame30 Years Linear Power Output Warranty

KUPOWER KUMAX KUDYMOND

CS3U-PB-FG*Highlight: Bifacial modules increasesystem power generation and reduce LCOE costsCells: dual-cell PolyPower range: up to 365 WVoltage: 1000 & 1500 V*Also available with aluminum frame30 Years Linear Power Output Warranty

CS1K-MS / CS1H-MS All-BlackHighlight: High power modules with enhanced aesthetics appearanceCells: mono-PERCPower classes: up to 330 WVoltage: 1000 & 1500 V

BiKU HiDM

DUAL-CELL, BIFACIAL, SHINGLED &ENHANCED WAFER MODULES

HiKU

CS3L-P / CS3W-PHighlight: Enhanced wafer technology for higher power classesCells: dual-cell polyPower range: up to 405 WVoltage: 1000 & 1500 V

3030

New Products | 1514 | New Products

FULL-CELL MODULESWE MANUFACTURE AND MARKET SOLAR PANELS FOR ALL APPLICATIONS: RESIDENTIAL, SMALL AND LARGE COMMERCIAL, UTILITY-SCALE, AND OFF-GRID.

STANDARD SUPERPOWER

CS6K-PHighlight: One of our bestseller modules, light, robust and appli-cable for all installation typesCells: 60 polycrystallinePower range: 265 – 280 WVoltage: 1000 & 1500 V

CS6K-M / CS6K-M-BF / CS6K-M-ABHighlight: Easy-to-handle size with high energy yieldCells: 60 monocrystallinePower range: 270 – 290 WVoltage: 1000 & 1500 V

SuperPower CS6K-MS / CS6K-MS-AB Highlight: Higher modules efficiency thanks to mono-PERC technologyCells: 60 monocrystallinePower range: 290 – 305 W

DYMONDMAXPOWER

LINEAR POWER OUTPUT

WARRANTY

PRODUCT WARRANTY ON MATERIALS AND

WORKMANSHIP

Dymond CS6K-P-FG / CS6K-M-FGHighlight: Frameless* glass-glass module, PID freeCells: 60 polycrystalline / monocrystallinePower range poly: 260 – 275 WPower range mono: 275 - 285 WVoltage: 1500 V*Also available with aluminum frame, upon request

Dymond CS6X-P-FG / CS6X-M-FGHighlight: Frameless* glass-glass module, 100 % PID free, designed for 1500 V systemsCells: 72 polycrystalline / monocrystallinePower range poly: 315 – 330 WPower range mono: 330 - 340 WVoltage: 1500 V*Also available with aluminum frame, upon request

MaxPower CS6U-P / CS6U-MHighlight: Optimized for BoS reductionCells: 72 polycrystalline / monocrystallinePower range poly: 325 – 340 WPower range mono: 330 - 345 WVoltage: 1000 & 1500 V

30

Mono All-Black

Mono Black Frame

MonoPoly

SuperPower All-Black

SuperPower Poly Mono

Poly30

Mono

Poly

Mono

Full-Cell Modules | 1716 | Full-Cell Modules

GUELPH, CANADACanada (Global HQ)

PANAMASales & Global

Energy Subsidiary

SAO PAOLO, BRAZILSubsidiary

CAPETOWN, SOUTH AFRICA

ZAF Sales Subsidiary

MADRID, SPAINSubsidiary

MUNICH, GERMANYEMEA HQ

ANKARA, TURKEY

Subsidiary

DUBAI, UAESubsidiary

BANGALORE, INDIASubsidiary

SINGAPORESubsidiary

SEOUL, SOUTH KOREASubsidiary

TOKYO, JAPANModule & Project HQ

LONDON, UKSales, Project & Structured

Finance Subsidiary

SUZHOU, CHINAChina HQ

HONG KONGSales Office,

Project & Structured Finance Subsidiary

NEW YORK, USEnergy Group

Subsidiary

MILANO, ITALYEnergy Group

Subsidiary

MANUFACTURING FACILITIES

WAREHOUSE

SALES OFFICE

DDP DELIVERIES POSSIBLE IN THESE COUNTRIES

DAP DELIVERIES POSSIBLE IN THESE COUNTRIES

Changshu, China

Module Factory

Banten, Indonesia

Module Factory

Ontario, Canada

Module Factory

Sorocaba, Brazil

Module Factory

Hai Phong, Vietnam

Module Factory

Thailand

Cell & Module Factory

MELBOURNE, AUSTRALIA

Module & Project Subsidiary

WAREHOUSE LOCATION TRUCKLOADS PER DAY MAXIMUM DELIVERY TIME

Rotterdam, Netherlands (2x warehouses) Virtually unlimited loading- and unloading Maximum 3 days within Europe

Bocholt, Germany Virtually unlimited loading- and unloading Average 2 day within Germany

Cape Town, South Africa Virtually unlimited loading- and unloading Maximum 3 days within South Africa

Johannesburg, South Africa Virtually unlimited loading- and unloading Maximum 3 days within South Africa

Dubai, UAE Virtually unlimited loading-and unloading Maximum 3 days within UAE

Funing, China

Cell Factory

Suzhou, China

Cell & Module Factory

Luoyang, China

Ingot & Wafer Factory

GLOBAL REACH WITH PROFESSIONAL LOGISTICSWITH GLOBAL MANUFACTURING & SMART LOGISTIC NETWORK— CANADIAN SOLAR EMEA—CAN DELIVER ANYWHERE IN THE WORLD— UNDER THE CUSTOMERS’ PREFERRED TERMS (CIF , DAP, DDP , OR FCA).

SAN FRANCISCO, USRecurrent Energy HQ

SAN RAMON, USUSA HQ

AUSTIN, USRecurrent Energy Office

MEXICO CITYSales Office

WALNUT CREEK, USEnergy Group HQ

18 | EMEA Delivery Strength

9

3

6

8

5

4

1REFERENCES EMEACANADIAN SOLAR HAS DEVELOPED AND BUILT LARGE-SCALE SOLAR PROJECTS FOR CUSTOMERS ACROSS THE GLOBE. OUR PROJECTS HAVE EARNED A REPUTATION FOR DELIVERING THE HIGHEST ENERGY YIELD AND RETURN ON INVESTMENT.

1. MOAT FARM, UKModule: CS6P-P

Power generation: 4.61 MW

3. MAGYARHOMOROG, DEBRECEN, HUNGARY

Module: CS6P-P Power generation: 500 kWp

2. DELFZIJL, NETHERLANDSModule: CS6P-P


4. WINDHOEK COUNTRY CLUB, NAMIBIA

Module: CS6U-P Power generation: 500 kWp

5. MAHORA SOLARFARM, SPAINModule: CS5-A


6. EMET, TURKEYModule: CS6K-P


8. DEWA III, UAEModule: CS6X-P-FG

Power generation: 268 MW9. MALL OF AFRICA, SOUTH AFRICAModule: CS6X-P


“We’ve 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’re constructing solar energy farms on tight

deadlines to exacting standards.”

JAN NEWMAN, SENIOR VICE PRESIDENT OF BUSINESS DEVELOPMENT

2

7

7. ZAATARI REFUGEE CAMP, JORDANModule: CS6X-P-FG


20 | References EMEA References EMEA | 21

ENERGY GROUP GLOBALLY DIVERSIFIED PROJECTS

3. LATAM

285 MW COMPLETION110 MW CONSTRUCTION

1. CANADA

490 MW O&M819 MW COMPLETION

2. USA

28 MW O&M102 MW CONSTRUCTION

4. EMEA


14 MW CONSTRUCTION

6. INDIA, SRI LANKA, BD


7. AUSTRALIA & SEA


5. JAPAN


120 MW CONSTRUCTION

KEETMANSHOOP, NAMIBIAPower generation: 6 MW

HOPLASS, UKPower generation: 10.3 MW

IKEA, AUSTRALIAPower generation: 3.6 MW

THUNDERBAY AIRPORT, CANADAPower generation: 8.5 MW

E32, JAPANPower generation: 1.2 MW

22 | References Energy Group References Energy Group | 23

CANADA (GLOBAL HEADQUARTERS)Canadian Solar Inc. 545 Speedvale Avenue, West Guelph Ontario, Canada N1K 1E6 TEL +1 (0) 519 837 1881 FAX +1 (0) 519 837 2550 E-MAIL [email protected]

GERMANY (EMEA HEADQUARTERS)Canadian Solar EMEA GmbHLandsberger Strasse 94 80339 Munich, Germany TEL +49 (0) 89 519 96 89 – 0 FAX +49 (0) 89 519 96 89 – 11 E-MAIL [email protected]

SPAINCanadian Solar EMEA GmbH Sucursal en España c/ Josefa Valcárcel, 8. 2nd Floor 28027 Madrid, Spain TEL +34 (0) 913 20 28 84 E-MAIL [email protected]

SOUTH AFRICACanadian Solar South Africa (Pty) Ltd T/A Canadian Solar S.A.4th Floor, Suite F0405A LetterstedtNewlands on Main Cnr: Campground & Main Roads 7700 Cape Town, South Africa TEL +27 (0) 21001 4800 E-MAIL [email protected]

TURKEYCanadian Solar EMEA GmbH Türkiye Irtibat Bürosu Barbaros Mahallesi, Halk Caddesi, Palladium Ofis ve Residence Binasi 8/A, Kat:3 Ofis No:323, Atasehir, Istanbul, Turkey TEL +90 (0) 216 663 6050 E-MAIL [email protected]

U.A.E. - DUBAI OFFICECanadian Solar Middle East DMCC ONE-JLT Business Center, 5th Floor, Office 73 Jumeirah Lake Towers Dubai, UAE TEL +971 (0) 44 29 58 28 E-MAIL [email protected]

U.A.E. - ABU DHABI OFFICE Canadian Solar Middle East Limited Office No 115, Level-1 Incubator Building, Masdar City, 135051 Abu Dhabi, U.A.E.

CONTACT

www.canadiansolar.com

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