Separately, Enhanced Selective Emitter Technology Tests Successfully
ANAHEIM, Calif., Oct. 26, 2009 (PRNewswire-Asia-FirstCall) -- Canadian Solar Inc. ("the Company," "Canadian Solar" or "we") (Nasdaq: CSIQ) today announced at the Solar Power International 2009 Event that two of their solar module series, CS5A and CS5P, have set the new record in PV USA (or PTC) ratings. In addition, the Company announced the successful test of cells produced with Enhanced Selective Emitter (ESE) technology, a breakthrough technology for the Company. In the development of increased conversion efficiencies for scale production, Canadian Solar is on track to boost performance of these cells to 18.5% for mono crystalline and 17% for poly crystalline.
The Canadian Solar High Performance CS modules were tested in June and July of this year, setting new PTC rating records for P-type silicon modules. PTC measurement, a mandatory test in the state of California, measures a PV system power output at atmospheric conditions closer to real-world climatic conditions. A higher PV rating indicates higher actual production on site per watt installed -- which translates directly into higher California rebates for system owners. Part of the Company's industry-leading "CS" solar module series, the High Performance modules include ratings of 190 and 250 watts. They are available for immediate delivery.
The Company also announced it is accepting orders for cells and modules with ESE technology for delivery in early 2010. The ESE technology, developed in Canadian Solar laboratories, will enhance module performance and thus is expected to lead to increased revenues and returns on investment for customers.
Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented, "Canadian Solar continues to advance the field of photovoltaics through our commitment to R&D. The record-setting PTC efficiencies of our High Performance CS modules are a clear validation of the progress we've made to bring high quality products and long-term reliability to real solar projects around the world. Our Enhanced Selective Emitter technology is a breakthrough in terms of the efficiency and value we bring to our customers. We will continue to invest in R&D and manufacturing processes, allowing us to further increase our module efficiency, while improving cost structures and driving down the cost of solar."
For more information about the High Performance CS modules and the ESE technology, visit Canadian Solar at the Solar Power International 2009 Event, Booth 2408.