China Development Bank awards $93 million loan to Canadian Solar

China Development Bank awards $93 million loan to Canadian Solar

14.08.2012: Chinese-Canadian solar manufacturer Canadian Solar Inc. has obtained a $93 million CAD ($94 million) loan from China Development Bank that will enable the company to partially finance a previously announced $185 million CAD ($187 million) acquisition agreement. Under the agreement, which closed in June, Canadian Solar will acquire a majority stake in 16 solar projects being developed in Ontario by Canadian solar company SkyPower Ltd. The project portfolio has a total capacity of between 190 and 200 MW (DC), and all 16 projects are scheduled to be completed in 2014. … Source: Canadian Solar Inc.; Summary: PHOTON http://www.canadiansolar.com http://phx.corporate-ir.net/phoenix.zhtml?c=196781&p=irol-newsArticle& ID=1724940&highlight=

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com