CANADIAN SOLAR INC.: Canadian Solar Partners with Global Investment Holdings to Develop and Provide Services for up to 300 MWp Solar Projects in EMEA

Canadian Solar Inc. issued the following announcement on April 27.

Canadian Solar Inc., (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced it has signed an agreement with Global Investment Holdings (GIH), to develop and operate a pipeline of solar power projects with total capacity of up to 300 MWp. Canadian Solar will provide Engineering, Procurement and Construction ("EPC") and Operations and Maintenance ("O&M") services to the projects. GIH is a diversified conglomerate in Turkey with investments in ports infrastructure, energy and non-banking financial services.

Atay Arpaciogullari, CEO Global Energy stated, "Global Investment Holdings is active in renewable energy and energy efficiency investments; currently we have a combined capacity of 75.5MW. Our envisaged cooperation with Canadian Solar is a planned step taken towards increasing our clean energy investments up to 300-400MW in the next three years."

"We are delighted to partner with Global Investment Holdings and further expand our presence in EMEA. This partnership underscores our global leading position to develop and operate solar projects across the globe," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc., "We will continue to leverage our expertise to accelerate the adoption of clean and affordable solar energy all over the world."

Original source can be found here.

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