Product ComparisonProduct Comparison

Canadian Solar ELPS vs. Trina HoneyCanadian Solar ELPS vs. Trina HoneyMarketing DepartmentMarketing Department

Aug 7,2012 Aug 7,2012

Better Module from Canadian SolarBetter Module from Canadian Solar

Canadian SolarELPS CS6P-MM

Trina SolarHoney PC/PA05A

Module Wattage 255~265W 245~260W

Module Efficiency Up to 16.5% Up to 15.9%

EL Screening Yes No

Current binning Yes No

PID Free Yes No

Non-incendive Electrical Equipment

Yes No

Ammonia Resistant Yes Yes

Salt Mist Resistant 672 hours test 96 hours test

Warranty Insurance100% warranty term coverage

Providing third party bankruptcy rightsNo

Module made from 60pcs, 6inch cells

Higher Module EfficiencyHigher Module Efficiency

CS6P-P series modules have higher module efficiency.

Highest Quality CertifiedHighest Quality CertifiedEL screening to eliminate product defects

Current binning to improve system performance

Potential Induced Degredation (PID) free certified by PI Berlin

Salt mist resistant certified according to severity level I* by TUV NORD

Ammonia resistant module validated by German Agricultural Society (DLG)

Non-incendive Electrical Equipment for Use in Class I, Division 2 Hazardous Locations, validated by Intertek

•Salt mist test Severity 1: 【 2 h( salt water spray)+ 7days ( humidity storage) 】 * 4 Total salt water spray hours: 8 hoursTotal humidity storage hours : 672 hoursTotal test time: 28 daysPID Free certificate Salt mist resistant certificate

Ammonia resistant certificate Non-incendive Electrical Equipment certificate

Warranty & Warranty InsuranceWarranty & Warranty Insurance

Item CS6P-P Series TSM-PC/PA 05 series

Power output warranty 25 years linear warranty 25 years linear warranty

Product warranty 10 years 10 years

Warranty Insurance100% warranty term coverageProviding third party bankruptcy rights No warranty insurance available

Best Warranty InsuranceBest Warranty Insurance

Canadian Solar provides the best

warranty insurance

25 years worldwide coverage

100% warranty term coverage

Providing third party bankruptcy rights

Non-cancellable

Immediate coverage

Insured by 3 world top insurance companies

The world’s largest solar power plant chose Canadian Solar.( Plant Capacity: 166MW, Canadian Solar provided 148MW moduleslocation: Brandenburg, Germany; completion: Sep 2011)

Why warranty insurance is important?Why warranty insurance is important?

When a manufacture goes bankrupt, its warranty is also gone

Over 50 module companies have gone bankrupt In the past two years.

Canadian Solar provides Warranty Insurance policy insured by three world top insurance companies

Reduce the investment risk and enhance customer’s access to solar investment capital and financing

The insurance policy continues even if Canadian Solar is Insolvent or Bankrupt

Allowing Third-Party policy rights (satisfies investors / bankers requirements)

Customers do not need to work through the Bankruptcy Trustees

4 Differentiators of Canadian Solar by Credit Suisse 4 Differentiators of Canadian Solar by Credit Suisse

Company has one of the best product insurance

Canadian Solar has now become a low cost leader in the industry

Company has a lower net debt position than TSL/STP/YGE

Company has a $1.3bb system revenue pipeline with firm PPAs, and appears to win more than 100MW in the US near term as well.

Credit Suisse, June 13 2012

Thank you !Thank you !