Sumitomo Expands Canadian Solar Facility to $48MM

Canadian Solar Projects K.K. has expanded and renewed its credit facility with a syndicate of four finance leasing institutions led by Sumitomo Mitsui Finance and Leasing.

Canadian Solar Closes $69MM Financing with Bancomext, Banco Sabadell

Canadian Solar closed on $69 million in non-recourse project financing provided by Banco Nacional de Comercio Exterior and Banco Sabadell. The financing consisted of a $53.2 million long-term loan, a $5.6 million letter of credit facility and a $10.2 million VAT short-term loan.

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.