25.04.2017: Canadian Solar Inc. has secured financing for its 92 MW »IS-42« solar power project near Fayetteville, North Carolina, USA. Prudential Capital Group will provide a $97 million debt facility, including tax equity bridge loan, term loan, and revolving loan to the project. USBCDC, a division of U.S. Bank, will make a tax equity investment in the project under a separate agreement.
The 92 MW project, covering an area of approximately 450 acres in the Bladen and Cumberland counties of North Carolina, is currently under construction and is expected to reach commercial operation in the third quarter of 2017. The project has a long-term Power Purchase Agreement with Duke Energy Progress.
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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