Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that the Company has entered into a long term product supply agreement with Vivint Solar (NYSE: VSLR), a leading provider of distributed solar energy to residential and commercial customers in the United States. This contract, which allows for Canadian Solar to supply Vivint Solar with high efficiency CS6P polycrystalline modules for residential and commercial installations, will give the Company the ability to reach additional customers within these market segments and expand its consumer base.
"Vivint Solar is pleased to add Canadian Solar as one of our key module suppliers," said Jan Newman, Senior Vice President of Business Development at Vivint Solar. "This new, strategic relationship will allow us to provide solar power to new residential and commercial customers in various markets."
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, "As North America's largest module manufacturer, we take pride in significantly growing this relationship with Vivint Solar to supply our innovative and cost-effective panels to residential and consumer customers in the United States. In line with Canadian Solar's corporate vision, this agreement will make solar more affordable for all homeowners."
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