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KUALA LUMPUR, Malaysia, Feb. 2, 2023 /PRNewswire/ -- Ecolite Biotech Manufacturing Sdn Bhd, a health and wellness company in Malaysia, has signed a long-term agreement with TotalEnergies ENEOS to provide a 0.4 megawatt-peak (MWp) solar photovoltaic (PV) system to its facility in Malaysia. Ecolite is the subsidiary of Malaysia public-listed company Sunzen Biotech Berhad, specializes in animal health and nutrition. This system will power about 10% of the facility with renewable energy. Image: site Ecolite’s facility in Malaysia where the solar rooftop will be installed by TotalEnergies ENEOS With over 660 of modules installed, the PV system will generate approximately 450 megawatt-hours (MWh) of renewable electricity annually, realising significant cost savings for Ecolite and reducing the company's carbon footprint by about 290 tons of CO2 emissions, equivalent to planting around 4,350 trees. Under the agreement, TotalEnergies ENEOS will fully fund, install and operate the solar system while Ecolite will pay only for the electricity generated for 20 years, avoiding any upfront costs. Steve Lim, Director of Ecolite Biotech Manufacturing Sdn Bhd said, "We are committed to sustainable development and growth, so pleased to have partnered with TotalEnergies ENEOS for this milestone project. Aside from translating to cost savings and energy efficiency for us, this is one of our contributions in the fight against global warming." Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia said, "As the leading provider of solar solutions in the region, we are dedicated to deliver solar solutions that are cost effective and environmentally friendly. TotalEnergies ENEOS provides its customers peace of mind from a technical, financial, and commercial perspective. We are pleased to support Ecolite and look forward to collaborate further in the future." To learn more about our tailored solar solutions, check out our free brochure, or contact us directly for more information. *** About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd. The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years. https://solar.totalenergies.asia TotalEnergies and renewables electricity As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of June 2022, TotalEnergies' gross renewable electricity generation installed capacity is close to 12 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy. ENEOS Corporation and renewables electricity ENEOS operates over 20 solar power plants in Japan and are also participating in renewable energy projects in the United States, Australia, and Vietnam. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS' first overseas renewable energy project using distributed power sources. About TotalEnergies TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. Twitter @TotalEnergies, LinkedIn TotalEnergies, Facebook TotalEnergies, Instagram TotalEnergies About ENEOS Corporation ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group's envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group's envisioned goals through a broad range of energy businesses. TotalEnergies ENEOS Contacts Media Relations: contact.solar.asia@totalenergies.com About Ecolite Established in 1996, Ecolite has a history of more than 20 years in Malaysia. Since its inception, Ecolite has embraced the enthusiasm of helping to improve people's health and has always adhered to the belief of achieving a healthy balance with nourishing products. https://www.ecolite.com.my Ecolite Contact Media Relations: marketing@ecolite.com.my Cautionary Note TotalEnergies The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). Cautionary Note ENEOS Corporation The terms "ENEOS", "ENEOS Group" in this document are used to designate ENEOS Corporation and the consolidated entities that are directly or indirectly controlled by ENEOS Corporation. This document contains certain forward-looking statements. Actual results may differ materially from those reflected in any forward-looking statement due to various factors, which include, but are not limited to, the following: (1) macroeconomic conditions and changes in the competitive environment in the energy, resources, and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks related to litigation and other legal proceedings.
The round, led by Solvay Ventures, is joined by existing investors including Finindus and happens in parallel with Tau's commercial breakthrough with automotive customers TURIN, Italy and BERLIN, Feb. 1, 2023 /PRNewswire/ -- Technology company Tau has concluded a series-B round raising €9 million with Solvay Ventures as a lead investor. Solvay Ventures is joined by existing shareholders including Finindus, a Belgium-based joint venture of ArcelorMittal and the Flemish Region, as well as management and private individuals. Tau has established itself as an innovative supplier to the automotive industry by setting a new global standard in winding wire for e-mobility. Its wire addresses the industry's demand for the next generation of electric motors with a reduced carbon footprint, using less resources and improving the electric vehicles' efficiency, range and recharge time, notably through superior resistance to partial discharge and accommodating voltages of 800V and higher. Recently, Tau reached an important commercial milestone when its wire products completed diligent validation processes of several automotive OEM and Tier 1 suppliers in Europe, Asia and North America. The company is currently ramping up capacity, providing early adopters with immediate competitive advantages, and is preparing industrial scale carbon-neutral winding wire production in Italy with the goal to start worldwide deliveries by 2024. "Through the use of specialty polymers, Tau's innovative technology enables higher performance electric motors, key to the accelerating adoption of electric vehicles", says Peter Vanlaeke, Partner at Solvay Ventures. "We are delighted to add Solvay Ventures as one of our key investors as we move into this new phase for our business. Strengthening the ties between the different parts of the value chain is critical to help accelerate solutions like Tau's winding wire and the impact it will have on the energy transition", says Francesco Taiariol, CEO and co-founder of Tau. "Since our initial investment mid 2021 we have seen excellent progress of this leading-edge technology towards full scale industrial manufacturing and market acceptance by world renowned automotive players. We are thrilled to have Solvay Ventures on board - adding more insights - to strengthen our network and to complement the existing core investors", says Hans Maenhout, investment director of Finindus. About Tau Tau is a technology company at the core of energy transition, decarbonization of energy and electrification of transport. Its patented technologies reconcile the necessity of sustainable, resource-minimizing manufacturing with the power, reliability and performance that electrification requires to enable smaller, greener, longer-lasting and more powerful motors, transformers and generators. Tau focuses on carbon-conscious protective coatings for high-performance and standard copper, aluminium and steel wires. Visit www.tau.group or follow Tau on Twitter and LinkedIn About Solvay Ventures Solvay Ventures is the Venture Capital fund of Solvay. Solvay Ventures invests in breakthrough technologies in advanced materials, devices and business model innovation. Operating since 2005, Solvay Ventures is currently investing out of a €80 million global evergreen fund. Solvay Ventures targets early stage investment opportunities (Seed through Series B) with a focus on startups addressing better use of resources, energy transition, increased well-being, and digital age. Beyond capital, Solvay Ventures looks to leverage the resources at Solvay to help accelerate technology and market adoption. Visit www.solvay.com/en/innovation/solvay-ventures or follow Solvay on LinkedIn About Finindus Finindus is a Belgium-based investment company funded by ArcelorMittal and the Flemish Region and is linked to OCAS, a world class metal research centre with campuses in Zelzate and Zwijnaarde (Belgium). Finindus provides early stage and growth financing (both equity and debt) to innovative technology companies active in the field of materials (including material processing), sustainable manufacturing and industry 4.0. Finindus invests across Europe, with Flanders as a home base and sweet spot, and across the globe for investment opportunities in technologies at the centre of our core domains and in line with the strategic interests and areas of expertise of our shareholders. Visit www.findindus.be or follow Finindus on LinkedIn Contact: Elizaveta Shlenskaia, press@tau.group, +39 (329) 142-4549
PANGKALAN KERINCI, Indonesia, Feb. 1, 2023 /PRNewswire/ -- Leading sustainable fibre and product producer Asia Pacific Resources International Limited ("APRIL") has signed a memorandum of understanding ("MOU") with local community partners in Riau province, in Sumatra, Indonesia, to help set up a community-based conservation initiative which will support the protection of more than 30,000 hectares of forest areas. APRIL is a member of the Singapore-headquartered Royal Golden Eagle ("RGE") group of companies founded by Sukanto Tanoto. The partnership is part of APRIL's recently launched community conservation programme, which has received support from local and provincial Government authorities in Riau, and will contribute to the Indonesian Government's climate and biodiversity protection goals. Under the terms of the MOU, APRIL – through its operating arm, PT. Riau Andalan Pulp and Paper ("PT. RAPP") – will roll out the Community Conservation and Sustainable Livelihoods Programme on a pilot basis in five villages in Riau. The five villages are Kelurahan Teluk Meranti, Pulau Muda, Kelurahan Pelalawan, Dayun and Penyengat. The new programme will help ensure the conservation of remaining natural forest within these community areas. The other parties to the newly signed agreement include the Riau Environment and Forestry Service and the Tasik Besar Serkap Forest Management Unit, both of which are state bodies, and the community-centred Teluk Meranti Forest Conservation Institute. The new programme includes a series of community-based activities that will build the capabilities of communities as forest conservation partners. The programme has been set up as a concrete step to support the Indonesian Forestry and Land Use ("FOLU") Net Sink 2030 plan and the goals of the Riau Hijau ("Green Riau") initiative. Indonesia's FOLU Net Sink 2030 plan will drive the Government's goals for the forestry and land use sector to become a net sink (climate positive) by more than 140 million tons of CO2 by the end of this decade, through reducing emissions from forest degradation and peatlands. At the signing of the MOU, the Governor of Riau, (Gubri) Syamsuar, acknowledged the importance of the Programme and the collaboration between the different groups of stakeholders – including provincial and district Governments, the communities, and the NGO and private sectors – to bring it to fruition. "This MOU will support the national policy on reducing GHG emissions and will help improve forest and peat ecosystem sustainability, while also improving the socio-economic wellbeing of the community. In Riau, this will help our efforts to cut emissions and adapt to climate impacts as part of the country's National Determined Contribution (NDC). It is also a follow up action to the Government's Low Carbon Development initiatives," he said. Craig Tribolet, Head of Sustainability Operations, APRIL Group, said: "The goal of this Programme is to help protect forested landscapes and biodiversity in community areas. This is in support of local and national Government conservation and climate targets, and is aligned with our own sustainability commitments." The new programme is being supported by independent NGO Earthworm, which is advising on a number of technical issues relating to the participating communities. The partnership with the communities is part of APRIL's 2030 commitment to champion conservation in production-protection landscapes. The programme is also aligned with APRIL's commitments in its Sustainable Forest Management Policy 2.0, which highlights the importance of a landscape approach to the conservation of forest and peatland areas, while also incorporating other important environmental and social values. About APRIL APRIL is a leading producer of fibre, pulp and paper with plantations and manufacturing operations in Riau Province, Indonesia. We are committed to sustainability in our business and in the broader landscapes where we operate. Under our production-protection model, we adopted a unique 1- for-1 goal where we aim to conserve one hectare of forest for every hectare of plantation, and currently conserve and restore approximately 364,996 hectares of forests, including the largest peatland restoration project in Indonesia. For more information, visit www.aprilasia.com and follow Twitter @aprilpulp
Partnership to strengthen Plug's supply chain and help meet growing demand for fuel cells and electrolyzers LONDON, Jan. 31, 2023 /PRNewswire/ -- Plug Power, (NASDAQ: PLUG) (Plug), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Johnson Matthey (JM), a global leader in sustainable technologies, today announced a long-term strategic partnership to accelerate the green hydrogen economy. JM will become an important strategic supplier of MEA components, providing a substantial portion of Plug's demand for catalysts, membranes, and catalyst coated membranes (CCM). Importantly, JM brings security of supply of precious metals, and unique recycling capabilities. This strategic partnership between Plug and JM will support Plug in delivering its targeted revenue of US$5 billion and US$20 billion by 2026 and 2030 respectively. To help achieve these targets, Plug and JM will co-invest in what is expected to be the largest (5GW scaling to 10GW over time) CCM manufacturing facility in the world. The facility will be built in the United States and likely begin production in 2025. Plug and JM will also continue to leverage government incentives from the Inflation Reduction Act in the US and REPowerEU in Europe to push for exponential growth across the hydrogen industry. "Plug is proud to expand our relationship with JM, a highly respected and skilled supply partner with a proven track record," said Plug CEO, Andy Marsh. "This partnership will help us strengthen our supply chain and underpin our ability to deliver on the growing demand for our fuel cells and electrolyzers. With a partner like JM, Plug is in a strong position to be the global leader of the green hydrogen economy." Liam Condon, CEO of Johnson Matthey, added: "For the rapidly developing hydrogen economy, this partnership is a game-changer. By bringing together one of the largest green hydrogen and fuel cell companies in the world with JM's technology and manufacturing capabilities, we're creating volume and scale for green hydrogen that hasn't existed until now. This partnership confirms JM's world class position in catalyst coated membranes, the key performance-defining components of electrolyzers and fuel cells." Plug Power is the leading user of liquid hydrogen with the world's largest fuelling station footprint, as well as over 60,000 fuel cell systems, operating more than one billion hours across the globe. Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers – including Amazon, Carrefour, Walmart and BMW – meet their business goals and decarbonize the economy. JM has been a leader in hydrogen for many years, founded on its core competencies in platinum group metal (PGM) chemistry and catalysis. It has an established Hydrogen Technologies business, with long-standing customer relationships and manufacturing capability of 2GW, with plans to expand to 5GW through a new 3GW gigafactory in Royston, UK. As the world's leading secondary refiner of PGMs JM has pioneered a circular business model for the scarce metals that will also be employed for this contract, and it will look to develop further closed loop solutions. About Plug Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 60,000 fuel cell systems and over 185 fuelling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is building a state-of-the-art Gigafactory to produce electrolysers and fuel cells and multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by 2025. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications. For more information, visit www.plugpower.com. About Johnson Matthey Johnson Matthey is a global leader in sustainable technologies, catalysing the net zero transition. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers' products. Our science has a global impact in areas such as low emission transport, energy, chemical processing and making the most efficient use of the planet's natural resources. Today, about 13,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us. For more information visit www.matthey.com Safe Harbor Statement This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug and JM, including but not limited to statements about: the expected benefits of the long-term strategic partnership between Plug and JM; the expectation that Plug's partnership with JM will strengthen its supply chain and allow Plug to meet its growing demand for electrolyzers and fuel cells; the expectation that the strategic partnership will support Plug in meeting its 2026 and 2030 forecasted revenue targets; the expectation that JM will become an important eternal supplier of MEA components; the ability of Plug and JM to construct the largest catalyst coated membranes manufacturing facility in the world, as well as the expected timing for the construction of such facility; the ability of Plug and JM to leverage government support and grow across the hydrogen industry;and Plug's ability to continue to build its end-to-end hydrogen ecosystem, become the global leader of the green hydrogen economy and decarbonize the economy. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, see Plug's public filings with the Securities and Exchange Commission (the "SEC"), including the "Risk Factors" section of Plug's Annual Report on Form 10-K for the year ended December 31, 2021 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and Plug and JM undertake no obligation to update such statements as a result of new information.
New Name, Logo, Tagline and Website Stock Symbol will Remain as SOL With New Identity, Emeren Acknowledges Current Strategies and Continues Driving Towards a More Sustainable Future STAMFORD, Conn., Jan. 30, 2023 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced it changed its corporate name to Emeren Group Ltd ("Emeren"), along with a new branding identity, effective immediately. The rebranding encompasses a new logo, tagline and website address at www.emeren.com. Emeren stands for Empowering Renewables, to symbolize the Company's substantial progress and continued dedication to growing solar and renewable energy development globally to deliver affordable and sustainable energy. The new logo, which features a sun against a blue background, represents the sun's energy, signifies the Company's commitment to sustainability and serves as a reminder of the importance of renewable energy. "We are excited to unveil our rebranding and new name, which symbolizes the remarkable transformation we have undergone over the past five years and reflects the strategies we have implemented," said Mr. Yumin Liu, Emeren's Chief Executive Officer, "This rebranding not only provides us with a clear direction and foundation as we aim to become the world's premier solar project developer and operator, but also showcases our dedication to our partners, customers, and investors. It captures the essence of our future aspirations and achievements as we continue to drive innovation and growth in the solar industry." ReneSola Power is referred to as "Emeren" in this press release. The legal name "ReneSola Ltd." is now "Emeren Group Ltd." The Company's NYSE stock trading name will be changed to "Emeren Group Ltd." on or about February 9, 2023 and our trading symbol of "SOL" will remain the same. The Company's ADR stock will continue to be listed on NYSE and the CUSIP number will remain the same. About Emeren Group Ltd Emeren Group Ltd. (NYSE: SOL) is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams in more than 10 countries. For more information, go to www.emeren.com. Safe Harbor Statement This press release contains statements that constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it "believes," "plans," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company's expectations may not be correct, even though it believes that they are reasonable. Furthermore, the forward-looking statements are mainly related to the Company's continuing operations and you may not be able to compare such information with the Company's past performance or results. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company's situation may change in the future. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
GUELPH, ON, Jan. 30, 2023 /PRNewswire/ -- Jan 30, 2022 -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that a wholly-owned subsidiary of its majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar") has entered into a multi-year investment agreement (the "Agreement") with the municipal government of Yangzhou City in Jiangsu Province, China. Under the Agreement, CSI Solar plans to add vertically integrated high efficiency wafer, cell, and module capacity, as well as battery system manufacturing capacity, in Yangzhou's clean energy manufacturing industrial park. The project plan will be carried out in three phases, with phase I being 14 GW of wafer and cell capacity. Phase I is expected to commence production in the second half of 2023, while the implementation of phase II and III is subject to change, at the Company's discretion, based on market conditions and the Company's assessments. With this announcement and considering the solar supply chain's demand and supply backdrop, the Company updates its 2023 year-end capacities to 20 GW of ingot, 35 GW of wafer, and 50 GW of cell and modules. The Company will provide further guidance on 2023 capital expenditures in the next earnings call. Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented, "We are pleased to expand our manufacturing base in the latest high-efficiency solar and battery storage products to better support the strong demand needs of our customers. Our capacity additions will further enhance our profitability in an environment of rapidly declining upstream raw material costs, and we are dynamically adjusting our capacity plans to account for a market backdrop with pockets of large supply as well as pockets of tight supply relative to demand. Importantly, our business plans are designed to strengthen our long-term leadership position and we expect these additions to do just that." About Canadian Solar Inc Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 21 years, Canadian Solar has successfully delivered around 82 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 7 GWp in over 20 countries across the world. Currently, the Company has approximately 500 MWp of projects in operation, 6 GWp of projects under construction or in backlog (late-stage), and an additional 19 GWp of projects in advanced and early-stage pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com. Safe Harbor/Forward-Looking Statements Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and Europe; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; uncertainties related to the CSI Solar carve-out listing; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 28, 2022, as amended on October 18, 2022. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law. CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACTS Isabel ZhangInvestor RelationsCanadian Solar Inc.investor@canadiansolar.com David PasqualeGlobal IR Partners914-337-8801csiq@globalirpartners.com
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