Recurrent Energy Secures 343 Million Brazilian Reais Financing for 152 MW Solar Project in Brazil [Yahoo! Finance]
Canadian Solar Inc. - Common Shares (CSIQ)
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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Source: Yahoo! Finance
it has secured 343 million Brazilian reais (approximately $70 million ) of non-recourse project financing from Banco do Nordeste do Brasil S.A. (BNB) for its Jaiba III solar project in Brazil The 152 MWp Jaiba III project will be financed over a 22-year period spanning both construction and operation phases. Linked to the National Consumer Price Index (IPCA), the inflation-adjusted debt will enable better capital and resource alignment with the Brazilian economy. Recurrent has secured a 15-year, inflation-adjusted power purchase agreement (PPA) for Jaiba III through a private auction with Usiminas, the leading flat steel company in Brazil . Currently under construction, the project employs nearly 900 people and is expected to be in operation in the fourth quarter of 2024. Jaiba III is powered by Canadian Solar's high efficiency BiHiKu modules and will displace approximately 150,000 tons of carbon dioxide annually. Ismael Guerrero , CEO of Recurrent Energy , said, "We are pleased
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CSIQ
News
- Canadian Solar Wins Green Project Bond of the Year Award by Environmental Finance [Yahoo! Finance]Yahoo! Finance
- Canadian Solar Wins Green Project Bond of the Year Award by Environmental FinancePR Newswire
- Canadian Solar Files Annual Report on Form 20-F for Year Ended December 31, 2023PR Newswire
- South Africa Solar Energy Industry Report 2024: Market to grow by $3.74 Billion During 2023-2028, Driven by Growing PAYG Models, Rising Government Support, and Declining LCoE of Solar [Yahoo! Finance]Yahoo! Finance
- Canadian Solar: Overstated Tariff Fears Offer Excellent Pay-Off [Seeking Alpha]Seeking Alpha
CSIQ
Earnings
- 3/14/24 - Beat
CSIQ
Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 20-F
- 3/14/24 - Form 6-K
- CSIQ's page on the SEC website