Canadian Solar secures ¥14.9 billion in non-recourse term facilities

By Tali Rackner

Norfolk, Va., Dec. 5 – Canadian Solar Inc. closed on ¥14.9 billion ($141.5 million) in 17-year senior and subordinate non-recourse term loan facilities, according to a press release.

Hanwha Asset Management is the lead arranger on the facilities.

Proceeds will be used to finance the construction and operation of a solar power plant in the Yamaguchi prefecture, Japan.

Canadian Solar is a solar power company based in Guelph, Ont.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.