Canadian Solar sign 81 MW sales agreement with Saferay

Under a new agreement, the Canadian company will supply Saferay with the modules between now and the third quarter of 2011. They will be used for photovoltaic projects in Germany.

Saferay develops, owns and operates large scale photovoltaic power plants. It constructed four in the double-digit megawatt range in 2010.

Marko Schulz, CEO of Saferay, commented: "We are proud to be working with Canadian Solar. The company came out on top of our selection criteria, including quality, reliability, customer service and brand attractiveness to customers."

Shawn Qu, Chairman and CEO of Canadian Solar, added: "We continue to expand our presence in the largest, most established solar markets, like Germany, while also building our leadership in developing markets."