You are here » Home» Renewables News» Photovoltaics» Industry PR» Company News» Canadian Solar to Receive US$40 Million Loan

Canadian Solar to Receive US$40 Million Loan

Font size: Decrease font Enlarge font
image

The loan will finance Canadian Solar's previously announced acquisition of 4 solar projects in Ontario, Canada.

GUELPH, Canada, Jan. 31, 2013 /PRNewswire-FirstCall/ --

Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that Credit Suisse will provide the Company with an up to US$40 million, 1 year tenor loan. The loan will be used to finance Canadian Solar's previously announced acquisition of 4 solar projects in Ontario, Canada.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, said, "We continue to attract blue chip financial and construction partners across the entire project lifecycle. We believe this validates the value of Canadian Solar's global scale, proven track record, and both project expertise and quality. This sets us apart in the industry and is allowing us to accelerate the development of our already strong pipeline in Canada, the U.S. and worldwide."

About Canadian Solar

 

Canadian Solar Inc. is one of the world's largest solar companies. As a leading vertically integrated provider of ingots, wafers, solar cells, solar modules and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe, Australia, Africa and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, visit www.canadiansolar.com.

Solar Energy employers, recruiters and job seekers can now post vacanices and/or upload CV's on our industry leading renewables job site. Please click on the logo below to get started.

World of Renewables Jobs


Share/Bookmark

Subscribe to comments feed Comments (0 posted):

total: | displaying:

Post your comment comment

Please enter the code you see in the image:

Member's Area
Translation Tool
Article Tools
  • email Email to a friend
  • print Print version
  • Plain text Plain text
  • Publish my own news Submit an article
  • Register Free Register Free
  • Share/Bookmark
Poll: PV Market Segments
Which of the following market segments will have the highest growth rates in the years to come?
Article Author
Sponsors
Tags
No tags for this article
Submit Your Press
Click here to
Navigate archive
first first April, 2014 first first
Su Mo Tu We Th Fr Sa
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30
Poll: US Solar Development
How important do you think it is for the U.S. to develop and use solar power?