Canadian Solar Subsidiary Recurrent Energy Secures $50 Million Letter of Credit Facility from Natixis
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, Canada, April 2, 2019 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or "the Company") (NASDAQ: CSIQ) today announced that its wholly owned subsidiary Recurrent Energy, LLC ("Recurrent Energy") has secured a $50 million letter of credit ("LC") facility from multinational financial services firm, Natixis.The $50 million LC facility is to support the development of the Company's utility-scale solar projects across the U.S. and Canada. Recurrent Energy will use this LC facility primarily to support security obligations under power purchase agreements and interconnection agreements for development-stage projects. The facility size may be increased with participation from other banking partners that are committed to the North American renewable energy market."The closing of this innovative LC facility with long-time partner Natixis reflects strong market confidence in Canadian Solar's high quality solar assets in the U.S. and Canada," said Dr. Shawn Qu, chairman and
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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