Canadian Solar (CSIQ) Announces Sales Contract From Fire Energy

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10:29:26 am on January 27, 2010

Canadian Solar just announced a new sales contract with Fire Energy Group. Under the contract, Canadian Solar will provide Fire Energy with 60MW of solar PV modules, with shipments expected to start this month. Fire Energy Group will also promote Canadian Solar’s product line in the following countries: Spain, Germany, Italy, the U.S., the Czech Republic, Morocco and China.

In a press release, Shawn Qu, Chairman and CEO of Canadian Solar, commented on the agreement:

“We are pleased to work with Fire Energy Group, one of the largest PV system integrators in Europe. Canadian Solar’s global leadership, scale, cost leverage and proven quality record put us in the enviable position of being able to work with the best partners in each local market. In the case of Fire Energy, the contract calls for a 60MW purchase commitment, which we are confident we will deliver to Fire Energy based on their existing orders and customer growth indications.”

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