Greentech Lead America: Canadian Solar, a provider
of ingot, wafer, solar cell, solar module and other solar
applications, has secured a C$93 million (US$93.8 million) loan from China
Development Bank. The loan facility has a five-year maturity.
The loan will be used to partially finance the
acquisition of a majority interest in 16 solar projects owned by the former
SkyPower Limited. The total cost of the acquisition is C$185 million (US$186.6
million) and representing approximately 190MW to 200MW DC.
“Our new credit agreement underscores Canadian
Solar’s bankability and strong competitive position. We are pleased to have the
support of one of the world’s largest banks as we continue to execute on our
business and advance our goal to generate 40 percent of our revenue from total
solutions, which include solar power generation project development,
facilitation of financing arrangements, EPC services and total hardware kit
sales,” said Shawn Qu, chairman and chief executive officer, Canadian
Solar.
Canadian Solar receives CSA1000V Certification
Recently, Canadian Solar achieved CSA1000V certification.
The certification allows Canadian Solar to more efficiently meet customer
demand for high-voltage applications in the Americas, while reducing overall
system costs.
editor@greentechlead.com