May 18, 2022

Canadian Solar begins mass production of new rooftop module with output power up to 420W

GUELPH, ON, March 15, 2022 /PRNewswire/ — Canadian Solar Inc. (the “Company“, Where “Canadian Solar“) (NASDAQ: CSIQ), today announced the start of mass production of a new module in the 54-cell format with 182 mm cell for residential, commercial and industrial rooftop solar systems. The sending of these modules in the new format has already started this month.

CS6R-MS, the new module type of HiKu6 series, has an output power of up to 420W and a module efficiency of up to 21.5%. The CS6R-MS module is particularly suitable for rooftop solar applications due to its small module size (1.95 m² ˣ 30 mm), light weight (21.3 kg) and outstanding aesthetic design for a homogeneous appearance.

Canadian Solar provides various types of bifacial and monofacial solar modules with output power in the range of 400~670W to global customers, including modules in 210mm 66-cell and 60-cell, and 182mm 72-cell and 54- cell formats. CS6R-MS, the latest member of the HiKu6 182 cell module family, will strengthen Canadian Solar’s technology leadership and market share in residential, commercial and industrial rooftop solar systems by offering:

  • 5-10W higher power and approximately 0.5% higher module efficiency than similar format PERC modules on the market. The CS6R-MS module has a power of up to 420W and its module efficiency is up to 21.5%.
  • Small size, lightweight module and outstanding aesthetic design, especially suitable for rooftop solar systems. Silver frame, black frame and all black modules are available.
  • High reliability and safety. The CS6R-MS module has achieved Tier 1 certification to the latest IEC 63126 standard, ensuring that the module will generate power safely and sustainably even under the toughest rooftop operating conditions. The IEC63126:2020 guidelines relate to the qualification of PV modules, components and materials for operation at elevated temperatures.
  • Improved product warranty. CS6R-MS comes with an enhanced 25-year product warranty on materials and workmanship for residential rooftop applications.
  • The electrical characteristics of the CS6R-MS are compatible with most common photovoltaic inverters thanks to current values ​​below 14 A.
  • Besides PERC cells, Canadian Solar is also developing a CS6R module with HJT cells and expects to begin commercial delivery in April. The CS6R has a module efficiency of up to 22.5% and an output power of up to 440W.

Dr. Shawn Qu, President and CEO of Canadian Solar, said, “I am delighted to announce that we have started mass production and delivered the first batch of 54-cell modules up to 420W based on 182 mm PERC cells. , the module with N-type HJT cells will be delivered in April.Our new products will further improve the energy efficiency and reduce the LCOE of residential, commercial and industrial rooftop solar systems, while offsetting more CO2 emissions . will continue to develop reliable, high-quality solar products to meet the needs of our customers around the world.”

On Canadian Solar Inc..
Canadian Solar was founded in 2001 in Canada and is one of the largest solar technology and renewable energy companies in the world. It is a leading solar PV module manufacturer, solar power and battery storage solution provider, and developer of large-scale solar power and battery storage projects with a geographically diverse pipeline in various stages of development. Over the past 20 years, Canadian Solar has successfully delivered over 63 GW of premium quality solar PV modules to customers around the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected more than 6.2 GWp in more than 20 countries around the world. Currently, the Company has approximately 430 MWp of solar projects in operation, nearly 7 GWp of projects under construction or behind schedule (advanced stage) and an additional 17 GWp of ongoing projects (mid to early stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been listed on NASDAQ since 2006. For more information about the company, follow Canadian Solar on LinkedIn or visit www.canadiansolar .com

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 pursuant to the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “believes”, “expects”, “anticipates”, “intends”, “estimates”, the negative form of these terms, or any other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; government support for the deployment of solar energy; future available supplies of high purity silicon; consumer demand for end-use products and supply chain inventory levels of such products; changes in demand from major customers; changes in demand from major markets such as Japan, the United States, India, China and Brazil; changes in customer ordering habits; changes in product range; usability; level of competition; pressure on prices and lower average selling prices; delays in the introduction of new products; delays in the approval process for large-scale projects; delays in the construction of large-scale projects; delays in completing project sales; delays in the qualification process for the listing of the subsidiary CSI Solar in the PRC; continued success in technological innovations and the delivery of products with the characteristics requested by customers; shortage of material supply or capacity needs; availability of funding; logistical challenges that could increase the Company’s costs of selling; exchange rate fluctuations; litigation; the potential initiation of an anti-circumvention investigation and other risks as described in the Company’s filings with the SEC, including its Annual Report on Form 20-F filed on April 19, 2021. 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. 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 noted, and Canadian Solar assumes no obligation to update such information except as required by applicable law.

SOURCE Canadian Solar Inc.