COMPANY PROFILE NORTH AMERICA

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1 COMPANY PROFILE NORTH AMERICA

2 A WORLD-CLASS POWER SOLUTIONS COMPANY Dr. Shawn Qu Chairman, President & CEO (Director) Yan Zhuang SVP, Chief Commercial Officer Chairman and Chief Executive Officer Dr. Shawn Qu founded Canadian Solar in 2001 with a bold vision: to foster sustainable development and to make lives better by bringing electricity powered by the sun to millions of people worldwide. The more than 9,700 dedicated employees of Canadian Solar (NASDAQ: CSIQ) strive each day to make this vision a reality. The company s two main lines of business are: (i) PV components; and (ii) the development, construction and sale of solar PV projects, working with both build-to-sell and build to-hold business models. Over 21 GW of our solar modules have been shipped, enough to provide clean, green power to a city the size of Chicago. Our products are in operation in more than 100 countries, giving us a truly global reach. These achievements put us at the forefront of making solar power competitive and mainstream. Thomas Körner Vice President, Global Sales Customers choose Canadian Solar because we deliver the best possible value. Our ingots, wafers, cells, and modules combine superior quality with market-leading cost structures. And our solar projects consistently achieve the highest production values and returns on investment. We currently have more than 9.8 GW of such projects in our pipeline worldwide and are uniquely positioned to provide complete turnkey solar solutions. By bundling services for the entire project life cycle feasibility study, permitting, engineering, procurement, construction, operations, and maintenance we can significantly reduce complexity and cost for commercial and industrial customers. Vincent Ambrose Senior Director and General Manager Sales, North America

3 COMPANY OVERVIEW FOUNDED 2001 IN ONTARIO OVER 9,700 EMPLOYEES 21 GW OF SOLAR MODULES SHIPPED 9.8 GW PROJECT PIPELINE 2016 REVENUE $2.85 BILLION *ACCORDING TO IHS MARKIT MOST RECOMMENDED SOLAR COMPANY IN 2016* Company Overview 3

4 CANADIAN SOLAR EXISTS TO MAKE THE DIFFERENCE. COMPANY FACTS CANADIAN SOLAR HAS BEEN MAKING THE DIFFERENCE FOR 16 YEARS. BY BRINGING A TOTAL OF MORE THAN 21 GW OF SOLAR CAPACITY TO OUR CUSTOMERS WORLDWIDE. TOTAL MODULE SHIPMENTS (MW) 4,706 6,000-6,500 (estimate) 5, GW of PV modules shipped in Enough to cover over 4,500 football fields and replace three nuclear power stations. 3, ,323 1,543 1, E 4 Company Profile - North America

5 BUSINESS MODEL OVERVIEW Silicon Production Ingots Mono- & Polycrystalline Ingot casting centralized in Batou, China by MANUFACTURING CAPACITY (MW) 1,100 year end * *Planned by year end Wafers Mono- & Polycrystalline Wafer manufacturing capability will quadruple from year end 2016 to year end Diamond wire saw and Onyx black silicon technology reduce manufacturing costs. MANUFACTURING CAPACITY (MW) ,000 4,000 CANADIAN SOLAR S CORE BUSINESS PV Cells Mono- & Polycrystalline Cell manufacturing has been restored at the Funing factory, which was damaged by a tornado in June With additional cell manufacturing coming online in Thailand, cell manufacturing capacity nearly doubles to 4,490 by end of year PV Modules MANUFACTURING CAPACITY (MW) 1,600 1,500 1, * *Planned by year end 2,700 2, , * *Planned by year end Mono- & Polycrystalline Module manufacturing capacity at the end of 2016 will reach 6.97 GWp in China, Thailand, and other locations. MANUFACTURING CAPACITY (MW) 3,000 2,400 2,400 4,330 6,170 7, * *Planned by year end Systems and Solutions String Inverters, MV Stations, Connectors and PV System Components, Energy Storage Systems, Off-grid Products, Micro-grids, Distributed Generation Solutions. Global Energy Group With a strong global team, the total projects pipeline has reached 9.8 GWp in 2017, with 2.16 GWp of late stage pipeline GWp of projects are currently in operation, with a resale value of $1.6 Billion. GLOBAL PROJECTS PIPELINE In operation 1.16 GWp Resale value of $1.6 Billion Late stage pipeline 2.16 GWp Company Profile - North America 5

6 FINANCIAL STRENGTH ONE OF THE MOST BANKABLE SOLAR COMPANIES WORLDWIDE Steady growth has enabled Canadian Solar to become the world s second-biggest supplier of solar modules (see graphic on facing page). And we ve done it profitably. Our net income of $65 million on revenue of $2.85 billion in 2016 was among the best in the industry. This record bottom line is matched by a solid balance sheet, with roughly $1 billion in cash and cash equivalents at year-end These figures underscore Canadian Solar s ability to combine growth, profitability, and prudent financial management. SUCCESS BY REGION GLOBAL MANUFACTURING BASE, GLOBAL CUSTOMER BASE, GLOBAL PROJECT PIPELINE. Canadian Solar s reach is truly global. With the combination of our Energy business, specializing in the develoment construction, and operation maintenance of utility-scale projects, as well as our module sales, we have continuously expanded our business. We ve achieved such growth because of our state-of-the-art manufacturing facilities in Canada, China, Vietnam, Southeast Asia and warehouses in 18 countries, enabling us to meet customers needs 100 percent. Last but not least, our customer-support team of more than 150 solar experts in 20 countries puts us close to our customers worldwide. Asia $311 million Q $721 MILLION TOTAL Americas $320 million Asia $581 million EMEA $90 million Asia $447 million Americas $351 million Q $1,120 MILLION TOTAL Americas $466 million Q $850 MILLION TOTAL EMEA $73 million EMEA AMERICAS ASIA EMEA $52 million 6 Financial Strength QUARTERLY NET REVENUE BY REGION

7 MODULE SUPPLIER RANK (BASED ON VOLUME SHIPPED AND RECOGNIZED IN REVENUE) RANK MW ST Suntech Suntech Yingli Yingli Trina Solar Trina Solar Jinko Solar 6,655 2 ND First Solar First Solar Suntech Trina Solar Yingli Canadian Solar Trina Solar 6,135 3 RD Sharp Yingli Trina Solar Canadian Solar Canadian Solar Jinko Solar Canadian Solar 5,232 4 TH Yingli Trina Solar Canadian Solar Sharp Jinko Solar JA Solar JA Solar 4,848 5 TH Trina Solar Canadian Solar First Solar Jinko Solar JA Solar Hanwha Q-Cells Hanwha Q-Cells 4,583 6 TH Canadian Solar Sharp Sharp ReneSola Sharp Solar First Solar GCL TH Hanwha Solar SunPower JA Solar First Solar ReneSola Yingli First Solar 2,770 8 TH Kyocera Jinko Solar Jinko Solar Hanwha Solar First Solar ReneSola Risen Energy 2,302 9 TH SunPower Hanwha Solar SunPower Kyocera Hanwha Q-Cells Sharp Solar Eging PV 2, TH Solar World Kyocera Hanwha Solar JA Solar Kyocera Kyocera Longi Silicon 1,964 TOP-3 RATED BANKABLE SOLAR COMPANY Second-largest U.S.-listed global solar company by revenue and net income (2015) Second-best performing NASDAQ stock (2013) Bankable at 100+ financial institutions globally World Bank s International Finance Corporation has become shareholder in 2016 Asia $419 million Source: Canadian Solar Investors Relations, April 2017 Americas $138 million INDEPENDENT BANKABILITY REPORT AUTHORED BY DELOITTE AVAILABLE UPON REQUEST Asia $318 million Americas $384 million EMEA $111 million Q $668 MILLION TOTAL Q $806 MILLION TOTAL Americas $270 million Asia $394 million Americas $200 million EMEA $104 million Q $657 MILLION TOTAL Q $677 MILLION TOTAL Asia $281 million EMEA $106 million EMEA $83 million Sales Breakdown 7

8 NEW MODULES THANKS TO THE LIC (LOW INTERNAL CURRENT) TECHNOLOGY, OUR NEW KU MODULES HAVE A HIGHER EFFICIENCY WITH CONSIDERABLY HIGHER POWER CLASSES, WITH LOWER OPERATING TEMPERATURES AND INCREASED RELIABILITY. KuPower KuBlack Mono-PERC Poly Mono-PERC CS3K-P / CS3K-MS Highlight: Higher power classes combined with high versatility Cells: 120 dual-cell Poly and mono-perc Poly: up to 290 W Mono-PERC: up to 315 W Voltage: 1000 & 1500 V Dimensions: in / mm Weight: 40.8 lbs / 18.5 kg NEW Cell Technology CS3K-MS All-Black Highlight: Higher power classes for rooftop solar systems with aesthetic requirements Cells: 120 dual-cell mono-perc Mono-PERC: up to 310 W Voltage: 1000 & 1500 V Dimensions: in / mm Weight: 40.8 lbs / 18.5 kg NEW Cell Technology 8 New Modules

9 PRODUCT WARRANTY ON MATERIALS AND WORKMANSHIP LINEAR POWER OUTPUT WARRANTY NEW KuMax KuDymond Mono-PERC 30 Mono-PERC Poly Poly CS3U-P / CS3U-MS Highlight: Higher power classes for commercial and utility-scale solar systems Cells: 144 dual-cell Poly and mono-perc Poly: up to 350 W Mono-PERC: up to 375 W Voltage: 1000 & 1500 V Dimensions: in / mm Weight: 49.8 lbs / 22.6 kg NEW Cell Technology CS3U-P-FG / CS3U-MS-FG Highlight: Higher power classes, frameless doubleglass module for large utility scale systems Cells: 144 dual-cell Poly and mono-perc Poly: up to 350 W Mono-PERC: up to 375 W Voltage: 1000 V Dimensions: in / mm Weight: 63.9 lbs / 29 kg NEW Cell Technology New Modules 9

10 FULL-CELL MODULES WE MANUFACTURE AND MARKET SOLAR PANELS FOR ALL APPLICATIONS: RESIDENTIAL, SMALL AND LARGE COMMERCIAL, UTILITY-SCALE, AND OFF-GRID. Standard All Black SuperPower Mono Mono All-Black Poly Mono-PERC All-Black Mono-PERC CS6K-M / CS6K-P Highlight: Easy-to-handle size with high energy yield Cells: 60 monocrystalline / 60 polycrystalline Mono: W Poly: W Voltage: 1000 & 1500 V Dimensions: in / mm Weight: 40.1 lbs / 18.2 kg CS6K-M All Black / CS6K-MS-All Black Highlight: All-Black modules for improved rooftop aesthetics Cells: 60 monocrystalline Mono: W Mono-PERC: W Voltage: 1000 & 1500 V Dimensions: in / mm Weight: 40.1 lbs / 18.2 kg CS6K-MS Highlight: Highest efficiency and energy yield in a residential full-cell module Cells: 60 monocrystalline Mono-PERC: W Voltage: 1000 V Dimensions: in / mm Weight: 40.1 lbs / 18.2 kg 10 Full-Cell Modules

11 PRODUCT WARRANTY ON MATERIALS AND WORKMANSHIP LINEAR POWER OUTPUT WARRANTY Dymond MaxPower Mono 30 Poly Poly Mono CS6X-P-FG / CS6X-M-FG Highlight: Frameless double-glass module, 100 % PID free, 30-year performance warranty Cells: 72 monocrystalline / 72 polycrystalline Mono: W Poly: W Voltage: 1000 V Dimensions: in / mm Weight: 60.6 lbs / 27.5 kg CS6U-P Highlight: High PTC rating for more energy output Cells: 72 polycrystalline Poly: W Voltage: 1000 & 1500 V Dimensions: in / mm Weight: 49.4 lbs / 22.4 kg CS6U-M Highlight: Highest efficiency in large-scale full-cell module Cells: 72 monocrystalline Mono: W Voltage: 1000 & 1500 V Dimensions: in / mm Weight: 49.4 lbs / 22.4 kg Full-Cell Modules 11

12 MV STATION MV Stations are factory-integrated mediumvoltage turnkey platforms for utility-scale solar installations. Inverters, transformers, controllers, communication equipment and other auxiliary components specified by the customer are integrated and tested in our state-of-the-art factory in Ontario, Canada. Once the MV Station is certified to applicable UL and NEC Standards, it is shipped directly to the project site for rapid plug-and-play connection, reducing construction costs and minimizing compliance risk of wrong connections on-site. The MV Station is a fieldproven design with over 700 MW of installed base across North America. Power classes available: 1 MVA, 2 MVA, 3 MVA Customizable with choice of inverter, transformer controls and 1000/1500 V DC Skid or enclosure options COMPLETE SYSTEM SOLUTIONS CANADIAN SOLAR DOESN T JUST MAKE GREAT SOLAR MODULES. WE ARE GROWING TO BECOME A COMPLETE SYSTEM SOLUTIONS PROVIDER. Whether you need a three-phase inverter or a complete medium voltage solution, Canadian Solar offers balance of system components that enable us to serve you as a one-stop shop. As a single source for modules, inverters, and more, Canadian Solar simplifies your procurement process with a unified contract, credit process, and invoice, as well as coordinated logistics and warranty, all from a supplier that understands solar. 12 Complete System Solutions

13 O&M SERVICES Canadian Solar now offers Operation and Maintenance Services for large commercial and utility-scale solar power plants. Customized packaged solutions can include monitoring, reporting, preventive maintenance, corrective maintenance, engineering services, warranty management, and spare parts management. With 600 MW of solar projects under operation worldwide, Canadian Solar is expert in solar O&M. CSEye: 24/7/365 remote monitoring, diagnostics, and troubleshooting Daily, monthly, and annual reporting NERC Registration Performance guarantees available THREE-PHASE STRING INVERTER Canadian Solar s grid-tied, transformer-less string inverters help to accelerate the use of three-phase string architecture for commercial rooftop and small groundmount applications. An NRTL approved, cost-effective alternative to central inverters, these inverters are modular design building blocks that provide high yield and enable significant BoS cost savings. Fanless and fan-assisted models are available. Power classes available: 23/25/28/30/36/40/50/60/66 kw Max efficiency of 98.6%, CEC efficiency of 98.3% 10-year warranty, extension up to 20 years T4 PV CONNECTOR The Canadian Solar T4 PV Connector is a high-quality field-installable PV connector. Robust and reliable, lower contact resistance and higher current transfer capability make the product more efficient. With an IP68 water-proof rating and a wide operating temperature rating, the T4 PV Connector is suitable for use in the harshest environments. For 12 AWG and 10 AWG cable Field-install toolkit, jumpers, y-branch connectors and in-line fuses are available Standard connector on all Canadian Solar modules Complete System Solutions 13

14 QUALITY CONTROL MEETS HIGHEST INTERNATIONAL STANDARDS Compliance with ISO IEC procedures to approve all materials and components entering our facilities Confirmation through IEC 61215, IEC and UL 1703 tests to ensure product safety and reliability Compliance with international quality and environmental-management standards ISO 9001, ISO and OHSAS 18001

15 QUALITY AND SERVICE ROBUST CONSTRUCTION IN ACCORDANCE WITH THE HIGHEST QUALITY STANDARDS GIVES OUR SOLAR PANELS OUTSTANDING LONGEVITY IN-HOUSE TESTING BACKED BY LEADING INDEPENDENT TESTING INSTITUTES Solar projects typically have a designed operating lifetime of 25 years. Our products have the longevity to meet these demands. We conduct rigorous in-house testing in our own laboratories to ensure durability and regularly submit our products to the world s leading independent testing institutes, including the Fraunhofer Society and PV Evolution Labs. We ve adapted the stringent quality-management systems of the automotive industry to PV manufacturing and check every one of our products at 369 different points along the manufacturing process to ensure their quality. And we comply with a wide range of internationally recognized standards for quality and environmental management. Quality and Service 15

16 CANADIAN SOLAR SALES AND SUPPORT FOOTPRINT Our team of sales, sales support, technical, customer service, logistics, credit, finance, and other professionals in North America is dedicated to your success. Contact Canadian Solar today to see how we can Make the Difference for your solar business. Walnut Creek California USA (NA HQ) Guelph Ontario CANADA (GLOBAL HQ) Panama City PANAMA London GREAT BRITAIN Madrid SPAIN Munich GERMANY Istanbul TURKEY Abu Dhabi UNITED ARAB EMIRATES Bangalore INDIA United Square SINGAPORE Suzhou CHINA Seoul KOREA Hai Phong VIETNAM Tokyo JAPAN São Paulo BRAZIL Midstream SOUTH AFRICA Richmond AUSTRALIA CANADA (GLOBAL HEADQUARTERS) Canadian Solar Inc. 545 Speedvale Avenue West Guelph, Ontario, Canada N1K 1E6 TEL FAX UNITED STATES (NORTH AMERICA HEADQUARTERS) Canadian Solar Inc Oak Road, Suite 400 Walnut Creek, California, USA TEL FAX CANADIAN SOLAR (USA), INC. August 2017 All rights reserved North America Brochure V1.2_E1_NA

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