Canadian Solar Financial and Operational Summary Q1 2022

Solar PV modules nearing the bottom of the cost curve 1975 Solar module prices have declined dramatically 105.7 Source: IEA, BNEF. 1980 29.3 Solar PV module cost, US$/W Declining marginal benefit from further module price cuts Capex split for utility-scale PV system 56% 45% 34% 32% 30% 12.7 7.9 5.5 4.9 4.4 2.0 0.8 0.2 1985 1990 1995 2000 2005 2010 2015 2020 2010 2015 *Module 2020 ■Inverter & balance of plant 2025 2030 EPC Other CanadianSolar MAKE THE DIFFERENCE 16

View entire presentation