Canadian Solar Financial and Operational Summary Q1 2022

0% 10% 20% 30% 40% 50% Massive growth potential as solar remains underpenetrated Despite rapid growth, solar penetration remains at just 3% Electricity generation by fuel type 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Coal, 35% Solar's cumulative capacity base could reach 14,000 GW by 2050 from 1,000 GW in 2022 Global solar PV cumulative installations, GW To achieve the 1.5°C Paris Agreement goal, solar PV's global installed capacity needs to reach 5,200 GW by 2030 and 14,000 GW by 2050 Gas, 23% Average annual installations: Solar, 3% Hydro, 16% 300 GW 150 GW 60 GW Nuclear, 10% 8 GW 102 241 416 791 956 1,188 2,070 5,200 Source: BP Energy Outlook 2021, IHS, BNEF, IRENA World Energy Transitions Outlook. 2000 2012 2015 2017 2020 2021E 2022E 2025E 880 GW 14,000 625 GW 2030E 2050E CanadianSolar MAKE THE DIFFERENCE 15

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