Canadian Solar Financial and Operational Summary Q1 2022

Energy storage entering exponential market growth phase Rapid cost reductions improving the economics of battery storage solutions $333 Capital cost for a fully-installed large 4h duration AC energy storage system, $/kWh The U.S. market to account for half of the global storage market over the next decade Energy Storage Annual Capacity Additions, GWh $299 $259 $221 $199 $181 $167 2 2019 2020 2022E 2024E 2026E 2028E 2030E Source: BNEF, Wood Mackenzie. Cumulative 2021-31: +27% CAGR 1.3 TWh 265 1 24 49 2016 2017 2018 2019 || 2020 2021 2022E 2023E 72 2024E 174 261 Rest of world 216 Japan 27 Europe 140 116 97 China 87 95 882 82 10 33 101 US 41 བྷྲ ༔ བྷྲ ༔ ༔ ༔ ཝཱ CanadianSolar MAKE THE DIFFERENCE 31

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