Canadian Solar has entered into agreements with International Finance Corporation to receive a financing package that include loans of up to $60 million.
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.
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.
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.
Canadian Solar signed a financing agreement with Royal Bank of Scotland to provide a $29 million term loan for the construction of seven solar power plants.
Canadian Solar has signed a financing agreement with Deutsche Bank’s Tokyo branch to provide a $97.2 million credit facility for the construction of a solar plan in Japan.
Recurrent Energy closed on a tax equity investment commitment with GE Energy Financial for a solar power project. Santander Bank arranged $260 million in financing, along with a five member bank club, to support the project.
Canadian Solar announced that it has signed a $100 million two-year senior secured term loan arranged by Credit Suisse AG, Singapore Branch.
Canadian Solar started the commercial operation of four solar photovoltaic power plants in Japan. Rabobank Hong Kong is financing the plants pursuant to a credit agreement announced July 28, 2015.
Canadian Solar signed off on both a debt facility with Santander Bank and a tax equity investment commitment with U.S. Bancorp Community Development to support a California PV plant.