Canadian Solar Secures Additional 487 Million Brazilian Reais Financing for Solar Power Projects in Brazil
Canadian Solar Inc. - Common Shares (CSIQ)
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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Source: PR Newswire
GUELPH, Ontario, Aug. 28, 2019 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced it has secured 487.0 million Brazilian reais (US$ 120 million) non-recourse project financing from Banco do Nordeste do Brasil S.A. (BNB) for its Francisco Sa and Jaiba solar power projects. Since the beginning of 2019, Canadian Solar has secured BRL 782 million (US$ 192 million) solar project financing with BNB. The 114.3 MWp Francisco Sa and 112.4 MWp Jaiba projects will be funded over 23 years across the construction and operation phases of the projects. The inflation-linked debt tied to the National Consumer Price Index (IPCA) will provide improved capital and resource alignment with the Brazilian economy. Dr. Shawn Qu, Chairman and CEO of Canadian Solar commented, "We are delighted to close our third and fourth consecutive project financings with BNB. These new financings affirm the public sector'
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CSIQ
Earnings
- 3/14/24 - Beat
CSIQ
Sec Filings
- 3/14/24 - Form 6-K
- 3/4/24 - Form SC
- 2/28/24 - Form 6-K
- CSIQ's page on the SEC website