Canadian Solar Subsidiary Recurrent Energy Finalizes Sale of California Solar Facility

Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ), today announced that Southern Power, the wholesale subsidiary of Southern Company, has acquired the 20 MWac/28 MWp Gaskell West 1 Solar Facility, located in southern California in Kern County.

"We are pleased to partner with an energy industry leader like Southern Power on this transaction," said Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar. "Recurrent Energy's growing portfolio of U.S. solar assets continues to create value for our customers and shareholders."

The Gaskell West 1 Solar Facility is expected to reach commercial operation in spring of 2018 and has a long-term power purchase agreement with Southern California Edison. The project represents Southern Power and Recurrent Energy's fourth transaction.

This project uses Canadian Solar's MaxPower 1500-volt polycrystalline CS6U-P modules, which deliver excellent module efficiency and performance in a variety of conditions. The project is currently under construction and is expected to create over 200 peak construction jobs