Canadian Solar Comments On European Commission Letter - Quick Facts

(RTTNews) - Canadian Solar Inc. (CSIQ) announced the European Commission has informed the company of potential issues identified in the course of verifying Canadian Solar's compliance with the undertaking agreement. The company noted that the European Commission has not made a final decision.

The undertaking agreement is an agreement entered into by the company and other Chinese producers exporting to the EU with the European Commission, in connection with EU trade measures.

Ed Jobs, IR Director for Canadian Solar, said: "We believe that we have been compliant with the undertaking agreement. Any decision of the European Commission would not have a significant impact on our guidance for the full year 2015. Europe accounts for a small part of our business and, in any case, we can continue servicing our customers in Europe."