IFC Conference Colombia, June 14 – 15 2016

CSIQ NASDAQ Listed

LATIN AMERICA 2030 TARGETS THE NEED FOR RENEWABLES

2 Canadian Solar Inc.

Latin America in 2030

341 GW generation capacity

$350 billion investments

276 GW renewable capacity

102 GW solar capacity

Significant emission

reduction by 2030

Shift to non-hydro

renewables

Electricity demand to

double 2011 2030

• CO2 emission levels at 569 milion metric tons by 2030

• Countries to lower emissions 15 – 60% by 2030 as part of Paris Agreement

• Diversify energy sources & improve energy security

• Limited resources & high fossil energy price

• Volatile hydro capacity

• 3% annual economic growth over next 20 years

• 0.85% annual population growth over next 20 years

• 3.7% CAGR electricity demand growth • ~25 million people without access to

electricity

Source: World Bank 2010, IDB 2014, BNEF 2015, ECLAC

2030

3 Canadian Solar Inc.

Why Solar

• Abundant solar resources

• Decreasing cost of solar installations

• Attractive investment returns

• Most cost effective energy solution for distributed generation and off-grid applications

Drivers

IFC support for: • Strengthening energy market regulatory framework • Expanding financial markets for solar projects • Increasing private sector investments

Sustained Solar Growth

Source: GTM Research Latin America PV Playbook Q1 2016 Market Update

Latin America PV Demand 2015 - 2020

4 Canadian Solar Inc.

Case Study: Utility Scale Brazil

RS

SC

PR

SP

MG

GO

MT

AC

AM

RR

RO BA

PI

MA PA

AP

TO

CE RN

PE AL

SE

MS

RJ

ES

DF

PB

Pirapora

Canadian Solar’s Utility Scale Project in Minas Gerais, Brazil

190 MWp

593,750 locally

manufactured modules

423 ha 392,456 MWh / year

BNDES Financing

20 PPA w/ CCEE

COD: 2017 Q3

5 Canadian Solar Inc.

Case Study: Distributed Generation Samaca Farm, Ica, Peru

Key Figures

Issues • Small farm needs

irrigation system • Closest electricity

network more than 20 km away

• Costs and operation profitability

Solution • 96 kW solar ground-

mount installation • 320 Canadian Solar

modules • Two banks of batteries

Results • Completely replaced

diesel motor pumps • 50 kW PV DG for 5 hour

daily pump operation • able to produce high

quality organic products

30,417 liters diesel saved / year

5 year payback period

179,000 kWh per

year

82 tons of CO2 saved

per year

$21,000 in savings annually

6 Canadian Solar Inc.

Case Study: Off-Grid Applications Maple + Atlas Systems

• 22 million people without access to electricity, 15% of the rural population

• Cost effective power solution for essential services such as lights, cell phones, personal computers

3/5 W Weighs less than 1 kg

Adjustable LED lamp 1.5W 8h charging time

Enough energy to charge two iPhone 6S

Maple Light & Charging Solution

20/30/50 W Weighs 19.6 kg

3W LED as bright as a 25 W light bulb 12V and 5 V output for small devices

Integrated FM Radio with 3W speaker 7200 iPhone charges during battery

system lifetime of two years

Atlas Solar Home System

7 Canadian Solar Inc.

EL LIBERTADOR June 2016