Canadian Solar Secures Eur 50 Million From Santander To Support Growth In Project Development In Emea
Canadian Solar Secures Eur 50 Million From Santander To Support Growth In Project Development In Emea
06/24/21, 11:13 AM
Location
guelph
Money raised
€50 million
Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has secured a €50 million bilateral corporate facility with Banco Santander, S.A. ("Santander"). The facility will support growth at Canadian Solar's Global Energy business as it executes and expands on its project development pipeline in the Europe, Middle East and Africa, or EMEA region, and further diversifies the Company's sources of financing.
Company Info
Location
guelph, ontario, canada
Additional Info
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 20 years, Canadian Solar has successfully delivered over 55 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the solar project development business in 2010, Canadian Solar has developed, built and connected over 5.7 GWp in over 20 countries across the world. Currently, the Company has around 500 MWp of projects in operation, nearly 6 GWp of projects under construction or in backlog (late-stage), and an additional 15 GWp of projects in pipeline (mid- to early- stage). Additionally, Canadian Solar has 1.2 GWh of battery storage projects under construction, and nearly 17 GWh of battery storage projects in backlog or pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.