Mar 2 2010
Canadian Solar Inc. ("the Company," "Canadian Solar" or "we") (Nasdaq: CSIQ) today announced its headquarters, located at 650 Riverbend Dr., is home to Kitchener's first Ontario Power Authority (OPA) approved microFIT (Feed-In-Tariff) solar installation. The 3.2 kW DC Canadian Solar system was installed on Canada's first C-2000 designated,Green on the Grand, office building using less than 50 percent energy and water normally used for a commercial building.
Green on the Grand" building
"I am very proud to see the first OPA approved microFIT solar installation on Canadian Solar's head office in Kitchener, Ontario. Up to date, close to 700 MWs of Canadian Solar's modules have been installed in over 30 countries, contributing to global efforts in fighting against the climate change. We will continue our effort to bring more solar energy to Ontario, our home province," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar Inc.
Carl Zehr, Mayor from the City of Kitchener, said, "At last year's State of the City Address, I encouraged city residents to imagine a city of LEED certified neighbourhoods with zero footprint. I am very pleased that the City of Kitchener and Canadian Solar could bring an inspiring project together that has long-term financial, social and environmental benefits."
Ian Cook, the solar installation system owner from Ian Cook Construction said, "It is with great pride that we announce this milestone event. The Canadian Solar installation compliments the efficiency and environmental responsibility Green on the Grand represents".
Chuck Mantel, owner and president of CMS Electric added, "Working with Canadian Solar representatives and products made the installation seamless for an installer. Working as a solar installer, I can attest that Canadian Solar's turnkey solutions make solar generation easy for consumers. Whether in the residential, commercial or solar farm market, Canadian Solar offers everything from financing to solar installation systems unique to individual's rooftop's needs."
The microFIT program is flexible and offers different participation opportunities for residential and small commercial business owners. Under the program, system owners will be paid a guaranteed price over a 20-year term for all the electricity produced and delivered to the province's electricity grid.