August 5, 2013

Concord Green Energy to acquire five utility-scale solar power plants from Canadian Solar

Canadian Solar Inc. (NASDAQ: CSIQ) (the “Company”, or “Canadian Solar”), one of the world’s largest solar power companies, today announced that its subsidiary, Canadian Solar Solutions Inc., has entered into a sales agreement with Concord Pacific’s green energy affiliate, Concord Green Energy (“Concord”), whereby Concord will acquire from Canadian Solar five utility-scale solar power plants totaling 49MW (AC) valued at over C$290 million ($277 million).