The 150 MWac solar facility near Mildura will generate enough renewable energy to power approximately 65,000 Australian households annually and includes a dedicated fund to support community-led sustainability initiatives

KITCHENER, ON, Aug. 12, 2026 — Recurrent Energy, a subsidiary of Canadian Solar Inc. („Canadian Solar”) (NASDAQ: CSIQ) and a leading global developer, owner, and operator of solar and energy storage assets, today announced that its 150MWac Carwarp Energy Park near Mildura, Victoria, Australia, has reached commercial operation. The project is backed by a long-term power purchase agreement (PPA) with Microsoft and strengthens Recurrent Energy’s track record of delivering and operating large-scale renewable energy projects in Australia.

Carwarp Energy Park is connected to the National Electricity Market through the 220 kV Victorian transmission network. The project also has planning and grid approvals to incorporate a hybrid 120 MW battery energy storage system (BESS), creating a clear pathway to support grid flexibility and reliability across the National Electricity Market.

The asset incorporates approximately 243,000 high-efficiency Canadian Solar TOPCon modules and is expected to generate around 405 GWh of electricity annually — enough to power approximately 65,000 Australian households with renewable energy. The facility is also expected to avoid approximately 227,000 tonnes of CO₂ emissions each year, equivalent to removing more than 49,000 internal combustion engine vehicles from the road. These figures underscore the project’s contribution to Victoria’s renewable energy targets and long-term decarbonization roadmap.

Carwarp Energy Park was delivered in accordance with rigorous standards and with active community engagement throughout development and construction. To date, the project has supported approximately 300 construction jobs and continues to drive local economic benefits and employment through its operating phase.

As part of this collaboration with Microsoft and through its Community CaRE program, Recurrent Energy has established a dedicated community benefit fund for Carwarp Energy Park. The fund will be administered in Australia by Groundswell Giving, and the Foundation for Rural and Regional Renewal (FRRR). It is designed to support community-led climate and environmental initiatives in rural and metropolitan communities, connected to the project’s wider energy and infrastructure footprint, including initiatives led by First Nations communities. This reinforces Recurrent Energy and Microsoft’s shared commitment to ensuring the energy transition delivers both clean power and enduring community value.

Dylan Marx, CEO at Recurrent Energy, commented, „Carwarp Energy Park reaching commercial operation ahead of schedule demonstrates our ability to deliver high-quality, large-scale renewable infrastructure safely and efficiently. With a long-term PPA secured with Microsoft, an established community fund, and approval to incorporate energy storage, Carwarp is positioned to provide strong community benefits, clean energy, and additional grid benefits for years to come. We thank our partners for their continued support and look forward to advancing the project’s approved storage pathway to deliver further benefits for the Australian energy network and customers.”

Liz Fitch, Head of Corporate, External and Legal Affairs for Microsoft Australia and New Zealand, added, „Australia’s transition to a low-carbon economy will require sustained investment in the energy infrastructure that underpins future growth. Projects like Carwarp Energy Park are an important part of that effort, adding new renewable generation to the grid while supporting regional communities and long-term economic opportunity. As demand for clean electricity grows, including from digital technologies and infrastructure, collaborations like this help strengthen Australia’s energy system and position the country to lead in a more sustainable and innovative future.”

Explanatory Note — Environmental Footprint Sources
The environmental equivalencies referenced in this press release were calculated using the following publicly available sources:

• Average household energy consumption (Australia): Australian Energy Regulator (AER), Residential Energy Consumption Benchmarks, 9 December 2020.
• Emission factor for grid-supplied electricity (Australia): Climatiq emission factor database.
• Average passenger vehicle emissions: U.S. Environmental Protection Agency (EPA), Greenhouse Gas Emissions from a Typical Passenger Vehicle.

Figures are estimates provided for illustrative purposes only and are based on the assumptions and methodologies of the sources cited above.