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Canadian Solar Publishes 2014 Corporate Social Responsibility Report

2015-09-24 07:00 ET - News Release

GUELPH, Ontario, Sept. 24, 2015 /PRNewswire/ -- Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced it has released its 2014 Corporate Social Responsibility (CSR) report.

The CSR report shows our commitment to sustainable social and environmental development. Our 2014 CSR report strictly follows the international standard for sustainability reports, the Global Reporting Initiative (GRI) G4, and demonstrates Canadian Solar's firm commitment to making the difference.

Some of the highlights of Canadian Solar's CSR 2014 report include:

-- Platform for sustainable growth strengthened by a 79% increase in revenue 2014

-- Factory water consumption reduced by about 50% in Luoyang Plant

-- CO2 emissions dropped by more than 15% per kWh since 2011

-- Energy generation from own PV plants increased by over 300%

-- Ranked #1 for corporate social responsibility at Randstad Awards Canada 2014

-- Ranked #4 out of 150 corporations for Most Attractive Employer in Canada

While the bulk of the report reviews Canadian Solar's social, economic and environmental sustainability efforts over the last few years, it is also a forward-looking document.

"Whatever technological bottlenecks we are currently pushing against, energy storage and photovoltaic efficiency will doubtlessly see big technology advancements in the coming years. This in turn will help our global effort fighting against climate change and improve the well-being of people in the world," observes the President and CEO of Canadian Solar, Dr. Shawn Qu.

Canadian Solar's CSR report 2014 can now be downloaded at http://www.canadiansolar.com/making-the-difference/foundations-for-a-sustainable-future.html

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 a provider of solar energy solutions, Canadian Solar has a geographically diversified pipeline of utility-scale power projects. In the past 14 years, Canadian Solar has successfully deployed over 11 GW of premium quality modules in over 70 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publically listed on NASDAQ since 2006. For additional information about the company, visit the website or follow Canadian Solar on LinkedIn.

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 the risks regarding general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of solar grade silicon; demand for solar products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand in our project markets, including Canada, the U.S., Japan and China; changes in customer order patterns; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; utility-scale project approval process delays; utility-scale project construction delays; utility-scale project cancelation due to failure to obtain all the necessary permits; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; trade protectionism in Europe, the U.S. and India; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 23, 2015. Although the Company believes that the expectations reflected in its 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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/canadian-solar-publishes-2014-corporate-social-responsibility-report-300148432.html

SOURCE Canadian Solar Inc.

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