June 27, 2012 – Canadian Solar has entered into a master supply agreement for 17MW of solar photovoltaic (PV) modules with Potentia Solar, an independent power producer in Ontario. Potentia will use the solar modules to power a number of commercial rooftop solar systems to be installed in major urban areas in Ontario.

Under the terms of the agreement, Canadian Solar will provide modules for the development of more than one hundred rooftop solar projects. The projects will be constructed on commercial, industrial and institutional buildings by Potentia. Canadian Solar will deliver the solar modules to Potentia on a per project basis, with all projects scheduled for completion in 2013.

“Potentia is committed to becoming a leading independent solar power producer in Ontario and delivering the best quality, high-performing solar systems,” said Chris Asimakis, president and COO of Potentia. “We are excited to work with Canadian Solar, a company with a sterling reputation for producing some of the most cost-effective and highest energy efficiency solar PV modules in the industry.”

When completed, enough electricity will be generated to meet the annual needs of approximately 1,700 homes with clean, renewable solar power, said the companies. Development of the 17MW of solar power is expected to create approximately 260 skilled manufacturing, engineering, construction and maintenance jobs.

“We are proud of our continuing leadership role in building Ontario’s alternative energy presence,” said Dr. Shawn Qu, chair and CEO of Canadian Solar. “Through this new master supply agreement, together Canadian Solar and Potentia are bringing more clean power, jobs and investment to the province.”