Canadian Solar announced that the National Bank of Canada will provide the Company with up to C$35 million, in short-term construction financing.
This credit facility will be used to finance the construction of one of the Company’s solar projects in Ontario, Canada.
Shawn Qu, chairman and chief executive officer of Canadian Solar, said, “The addition of National Bank of Canada, a leading Canadian-based financial institution, comes at an important time for Canadian Solar.”
Canadian Solar continues to gain significant momentum in businesses, punctuated with the recent sales of several utility-scale solar projects.
The company has also bolstered its stable of blue chip financial and construction partners across the entire project lifecycle, Qu added. “This transaction gives us additional flexibility and will allow us to further accelerate the development of our already strong, actionable pipeline in Canada and worldwide.”
With operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia,