Dr. Shawn Qu, Chairman and CEO of Canadian Solar, Recognized as an Innovator on the TIME100 Climate 2024 List

Rhea-AI Summary

Canadian Solar's Founder, Chairman, and CEO, Dr. Shawn Qu, has been named an Innovator on the TIME100 Climate 2024 list, recognizing influential leaders driving successful and equitable climate solutions. The list includes prominent figures like World Bank President Ajay Banga and Breakthrough Energy Founder Bill Gates.

Since founding Canadian Solar in 2001, Dr. Qu has transformed the company from a startup into a global renewable energy leader operating in 23 countries, delivering over 142 GW of solar modules and 8 GWh of battery energy storage solutions worldwide.

This recognition follows Newsweek naming Canadian Solar the World's Most Trustworthy Company in the Energy and Utilities sector. Dr. Qu emphasized that Canadian Solar has evolved into a comprehensive energy solutions provider, offering solar, lithium battery energy storage, and wind power solutions to meet global energy demands.

KITCHENER, ON, Jan. 28, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), a global leader in solar power and renewable energy solutions, is pleased to announce that its Founder, Chairman, and CEO, Dr. Shawn Qu, has been named an Innovator on the prestigious TIME100 Climate 2024 list. This recognition celebrates his outstanding contributions to the renewable energy sector and his leadership in advancing solar and energy storage solutions worldwide.

The TIME100 Climate 2024 list recognizes 100 influential leaders who are driving successful and equitable climate solutions. This year's honorees were selected based on measurable and scalable achievements, with an emphasis on recent action. Prominent figures on the list include Ajay Banga, President of the World Bank; Bill Gates, Founder of Breakthrough Energy and TerraPower; and Jennifer Granholm, former U.S. Secretary of Energy.

Since founding Canadian Solar in 2001, Dr. Qu has grown the company from a small startup into a global leader in solar and energy storage. Operating in 23 countries, Canadian Solar has delivered more than 142 GW of solar modules and 8 GWh of battery energy storage solutions worldwide.

This honor from TIME Magazine follows Newsweek naming Canadian Solar the World's Most Trustworthy Company in the Energy and Utilities sector, a global ranking which underscores Canadian Solar's commitment to transparency, reliability, and sustainability.

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented, "I am overwhelmed and deeply honored by the recognitions from TIME and Newsweek. Today's Canadian Solar is more than just a climate company. We are a comprehensive energy solutions provider, leveraging cutting-edge solar, lithium battery energy storage, and even wind power when needed to meet the world's evolving energy demands."

For the full TIME100 Climate 2024 list, visit the TIME website here.

About Canadian Solar Inc.
Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Ontario, Canada, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 23 years, Canadian Solar has successfully delivered around 142 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 8 GWh of battery energy storage solutions to global markets as of September 30, 2024, boasting a US$3.2 billion contracted backlog as of November 30, 2024. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 11 GWp of solar power projects and 3.7 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 26 GWp of solar and 66 GWh of battery energy storage capacity in various stages of development. 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 power and battery energy storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to global pandemics; supply chain disruptions; governmental support for the deployment of solar power and battery energy storage; future available supplies of silicon, solar wafers and lithium cells; 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 China, the U.S., Europe, Brazil and Japan; 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; the pipeline of projects and timelines related to them; the ability of the parties to optimize value of that pipeline; 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; 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 26, 2024. 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 CONTACT
Wina Huang
Investor Relations Canadian Solar Inc.
investor@canadiansolar.com 

View original content:https://www.prnewswire.com/news-releases/dr-shawn-qu-chairman-and-ceo-of-canadian-solar-recognized-as-an-innovator-on-the-time100-climate-2024-list-302360232.html

SOURCE Canadian Solar Inc.

FAQ

What recent recognition did Canadian Solar (CSIQ) receive in TIME100 Climate 2024?

Dr. Shawn Qu, Canadian Solar's Founder, Chairman, and CEO, was named an Innovator on the TIME100 Climate 2024 list for his contributions to renewable energy and leadership in advancing solar and energy storage solutions.

How many gigawatts of solar modules has CSIQ delivered globally as of 2024?

Canadian Solar has delivered more than 142 GW of solar modules worldwide.

What is Canadian Solar's (CSIQ) current global operational presence?

Canadian Solar operates in 23 countries, providing solar and energy storage solutions globally.

What recognition did CSIQ receive from Newsweek in 2024?

Newsweek named Canadian Solar the World's Most Trustworthy Company in the Energy and Utilities sector.

How much battery energy storage capacity has CSIQ delivered worldwide?

Canadian Solar has delivered 8 GWh of battery energy storage solutions worldwide.