Shawn Qu, chairman and CEO of Canadian Solar, said: These contracts typically feature fixed prices for the first six months. The demand and pricing for Canadian Solar’s products remains strong and our order building process for 2009 is well on track.

Our customers have also indicated that financing remains available for solar projects in Europe and are moving ahead with their plans. Combined with our strong and proven customer base, we have are well-positioned us for continuous growth in 2009.