SAN RAMON, Calif., January 21, 2014 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that the Company's polysilicon ("PV") modules achieved the highest PTC ratings amongst all major poly module manufacturers.
The California Energy Commission (CEC) established the PVUSA Test Conditions (PTC) ratings program, a universally recognized standard for assessing real-world solar panel performance.
In the latest PTC Rating, Canadian Solar's flagship poly solar energy module, the CS6P-P modules (60 cell poly) with 255 Wp, received a PTC Rating of 91.88%, and the CS6X-P modules (72 cell poly) with 305 Wp received a PTC Rating of 91.90%. The higher the PTC power rating, relative to the module's STC power nameplate, the higher the actual on-site solar energy production per watt installed, leading to faster returns on investment.
"The PTC Rating is widely recognized as one of the most realistic, credible measures of PV module output due to its strict definition and calculation criteria and ability to reflect real-world solar and climate conditions. Consistently ranking at the top of the PTC ratings is added validation and makes the decision to use Canadian Solar modules even easier for customers worldwide, when combined with our leading global brand, bankability, scale and industry leading balance sheet," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc.
Recognized for reliability and top-of-the-line performance and quality standards, Canadian Solar modules power some of the world's largest PV installations.
The latest PTC listing can be reviewed at http://www.gosolarcalifornia.ca.gov/equipment/pv_modules.php.
About Canadian Solar
Founded in 2001 in Canada, Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world's largest and foremost solar power companies. As a leading vertically integrated provider of solar modules, specialized solar products and solar power plants with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia, Canadian Solar has delivered more than 5GW of premium quality solar modules to customers in over 70 countries. Canadian Solar is committed to improve the environment and dedicated to provide advanced solar energy products, solutions and services to enable sustainable development around the world. For more information, please visit www.canadiansolar.com.
Canadian Solar's Safe Harbor/Forward Looking Statement
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 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 high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand in the Canadian markets; changes in customer order patterns; capacity utilization; pricing pressure and declines in average selling prices; delays in utility-scale project approval process; delays in utility-scale project construction; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 26, 2013. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You 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.
