December 2014 Data, SPVInvestor Research, Inc. China Export Data Report. Written February 2015

Four projects totaling 40.5 MW DC are under construction, and are expected to be connected to the grid in March 2015

fourth quarter became the largest delivery period in history, at 5.315GW, beating the Q2 record of 5.2GW

Acquisition adds 4.0 GW and expands Canadian Solar's total project pipeline to 8.5 GW

Approximately 1.0 GW of late-stage projects represent a revenue opportunity of at least $2.3 billion over the next 2 years

This acquisition brings us one step closer to our goal of $1 billion of high-quality operating assets by 2017

Canadian Solar provided turnkey engineering, procurement and construction services, and will also provide operations and maintenance services. A third 10 MW AC power plant ("CityLights") is scheduled to begin commercial operation in the first quarter of 2015 with closing occurring post commercial operation

New rates are set at 17.5% versus 31% for Canadian Solar and 26% for Trina Solar

In light of the changes, Canadian's Japan business remains as an attractive component of the overall business strategy

Expectations for module exports for the entire 2014 forecast 19.1GW versus 16.5GW delivered during 2013, recording 15.5% growth.

Discounted valuations for China-based Solar Manufacturers continue in the market, despite financial turnaround