SUZHOU, JIANGSU, January 3 -- Chinese solar module manufacturer Canadian Solar (CSI) has signed a sales and distribution agreement with Spain's Amur Energy Division (AED). Under the agreement, CSO has already commenced delivery of its crystalline PV panels to AED. The contract is expected to have a value of around US$40-50 million (RMB310-390 million) in 2007.

Shawn Qu, chairman and chief executive officer of CSI, said: "Adding another strong distribution partner with such impressive marketing and sales skills will help drive CSI's continued growth in the important Spanish market."

Jesus Linares Gil, chairman and chief executive officer of AED said: "This agreement comes at the right moment to take advantage of the consolidation of the Spanish solar power market, and will allow CSI's products to gain a leading position in the Spanish sales of solar modules."