GUELPH, Ontario, Canada -- Canadian Solar Inc. announces that the Company executed a 44 MWp module sales agreement with affiliates of Entropy Investment Management, LLC and Entropy Solar Integrators, LLC ("Entropy"). Entropy will construct seven solar farms in North Carolina in 2014 by using high efficient Canadian Solar CS6X-P PV module series.
Over the next twenty years, the projects are anticipated to generate more than 1.1 Mio. kWh of clean, renewable, solar energy. This is equivalent to taking the CO2 emission of more than 94,000 automobiles off the road or powering more than 130,000 homes.
"Entropy has a strong partnership with Canadian Solar, and this is our second major order with them for projects that will enter service this year. We are particularly pleased that we were able to consummate this deal at a fair price even after the imposition of new duties on solar products. Continued commitment to the US market by low cost manufacturers such as Canadian Solar in spite of the challenges is encouraging and ultimately essential for the continued deployment of low cost solar energy in the United States," said Lewis Reynolds, Managing Partner of Entropy Investment Management, LLC.
Canadian Solar, North America's largest manufacturer of solar products, continues to grow its activities and customer base in the United States.
Additionally, Canadian Solar modules are covered by a 10-year warranty on materials and workmanship, along with a 25 year linear power output performance guarantee - backed by a third-party insurance policy that is underwritten by investment grade insurance companies.
"We are privileged to be a part of North Carolina's solar success story, as North American companies continue to invest in sustainable development. Partnerships with organizations such as Entropy showcase Canadian Solar's ability to continue serving the booming US market. Generating local jobs to design, construct and finance these PV projects while increasing the use of clean and renewable energies is part of our dedication to making a solar-powered America a reality," said Thomas Koerner, General Manager of CSI's Americas Operation.