Shinsei Bank Provides $149MM Facility to Canadian Solar

Canadian Solar secured a non-recourse project finance facility of up to ¥16 billion ($149 million) from Shinsei Bank. The facility will be used to support its 53.4 MWp Oita Hijimachi solar power project.

KeyBank Provides Loan, Credit Facility for Recurrent Energy

Recurrent Energ, closed on a combined construction loan and construction letter of credit facility for the 20 MWac/28 MWp Gaskell West 1 solar power project.

Sumitomo Mitsui Provides $35MM Canadian Solar Facility

Canadian Solar entered into a three-year credit agreement for ¥4 billion ($35 million) with Sumitomo Mitsui Finance and Leasing in order to expand solar energy project development in Japan.

NatWest Provides $62.8MM Canadian Solar Refi

Canadian Solar secured £49.3 million ($62.8 million) non-recourse term loan facilities from National Westminster Bank to refinance a portfolio of 10 solar power plants.

Canadian Solar Secures $300MM Credit Facility

Canadian Solar secured a $300 million credit facility for its subsidiary Recurrent Energy from Ping An Bank. The facility will be used to support Recurrent’s solar power project development.

Mizuho Bank Provides $39.5MM Loan To Canadian Solar

Canadian Solar Japan has entered into a $39.5 million syndicated loan agreement with Mizuho Bank acting as bookrunner.

IFC Provides $60MM Facility to Canadian Solar

Canadian Solar has entered into agreements with International Finance Corporation to receive a financing package that include loans of up to $60 million.

GE Energy Financial Invests in Recurrent Solar Project

Recurrent Energy closed on a tax equity investment commitment with a unit GE Energy Financial Services for the 75 megawatt (MWac) Astoria 2 solar power project.

Santander Arranges Construction Debt to Support Recurrent Solar Project

Canadian Solar subsidiary Recurrent Energy closed on an equity commitment with GE Energy Financial Services for a 75 megawatt solar power project. A related debt facility was arranged by Santander and included Nord/LB, Radobank, Key Bank and CIT Bank.

Credit Suisse Arranges Canadian Solar $80MM Term Loan

Canadian Solar raised a final tranche of $80 million under its previously announced secured term loan arranged by Credit Suisse, bringing the total facility amount to $180 million.