Canadian Solar has just announced that it has signed a 5 MW purchase agreement with Helio Micro Utility. Under the agreement, Helio Micro Utility will purchase 5 MW of solar modules from Canadian Solar’s line of PV solar modules.

In , executives from both company’s commented on the deal:

Dr. Shawn Qu, President and CEO of Canadian Solar, commented, “Canadian Solar is already one of the fastest growing solar manufacturing companies worldwide and this strategic alliance builds our U.S. based team of solar industry experts to accelerate 2009 sales initiatives in this vital market.”

Mo Rousso, President and CEO of HmU, stated, “A key part of Helio Micro Utility’s strategy is to provide high quality solar modules at superior pricing and terms for not only our own projects but also for those of our installer partners. This agreement will serve as the foundation for our investment grade systems offerings to our installers.”

“Canadian Solar modules represent one of the best performance-to-price ratios we have seen in the industry,” added Steven Huang, Vice President / General Counsel for HmU. “The Canadian Solar product has been proven in the worldwide market and will help our U.S. installation partners deliver more solar power systems, designed with highly engineered modules for the best return on investment. We are very pleased to have this opportunity to work with the Canadian Solar product line and management team.”