GUELPH, Ontario, Sept. 24, 2018 /PRNewswire/ -- Canadian Solar
Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of
the world's largest solar power companies, today unveiled our
proprietary P4-based BiHiKu module, combining three industry
leading solar PV technologies in one new 400+ Watt module: the
latest black silicon, poly PERC, and bifacial cell technologies.
Merging these technologies enables Canadian Solar to produce the
BiHiKu module, a HiKu module with bifaciality up to 75 percent.
This new poly solar module generates 400 Watts or more on the
front, plus up to 30 percent additional power generation from the
back side, dramatically increasing system yield and reducing the
Levelized Cost of Electricity (LCOE). The Company believes that
BiHiKu is the first poly bifacial module exceeding 400+ Watt
nominal front side power.
BiHiKu is perfect for large commercial or utility-scale solar
installations, particularly where a high reflection ground or
surface under the module creates high albedo, contributing to high
back side yield. The product will be available in 2019 and
pre-production orders are being accepted now.
In addition, Canadian Solar is introducing to the North America market the HiDM high density
module, a shingled solar module with unique IP-granted design
features and up to 19.9% module efficiency. The 60-cell sized mono
PERC HiDM, up to 330 Watt, is an aesthetically pleasing all-black
module perfect for residential rooftops. The 72-cell sized mono
PERC HiDM, up to 410 Watt, is a highly efficient black module for
commercial applications.
"As Canadian Solar continues on the forefront of solar module
innovation, we are proud to introduce BiHiKu and HiDM as the next
steps in maximizing the lifetime value of your solar
assets," said Dr. Shawn Qu, chairman and chief executive officer
of Canadian Solar. "Solar systems using BiHiKu will be able to
break away from the pack and score high on low LCOE, making many
seemingly impossible low PPA solar projects possible."
Canadian Solar's booth #1604 at Solar Power International
(Anaheim, CA USA) honors the fact
that Canada is the birthplace of
hockey. Donning hockey jerseys, Canadian Solar staff will be
talking about BiHiKu and HiDM as Canadian Solar's breakaway
products, and showcasing the firm's solar hat trick of
modules, inverters, and services.
For product and/or services inquiries, please visit Canadian
Solar at Solar Power International Booth 1604 at the Anaheim Convention Center from September 24-26, 2018 or email
sales.us@canadiansolar.com.
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 provider of solar energy solutions, Canadian Solar also
has a geographically diversified pipeline of utility-scale power
projects in various stages of development. In the past 17 years,
Canadian Solar has successfully delivered over 29 GW of premium
quality modules to over 100 countries around the world.
Furthermore, Canadian Solar is one of the most bankable companies
in the solar industry, having been publicly listed on NASDAQ since
2006. For additional 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 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 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 from major markets such as Japan, the U.S., India and China; changes in customer order patterns;
changes in product mix; capacity utilization; level of competition;
pricing pressure and declines in average selling prices; delays in
new product introduction; delays in utility-scale project approval
process; delays in utility-scale project construction; delays in
the completion of project sales; continued success in technological
innovations and delivery of products with the features customers
demand; 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, 2018. 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 stated, and Canadian Solar undertakes no duty to update
such information, except as required under applicable law.
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SOURCE Canadian Solar Inc.