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Canadian Solar secures GBP 49.3m to refinance 50 MW UK solar portfolio

Part of the proceeds will be used to repay a construction loan of GBP 28.1 million (US$35.8 million). "We are pleased to be working with NatWest, a leading UK bank, to finance our portfolio of 50 MW.

Canadian Solar secures non-recourse finance for 47 MW projects in Australia. The Chinese solar power company has managed to raise AU$ 65 million (US$50 million) for two of its projects in Australia. May 3, 2017 Marija Maisch. 25 MW Barcaldine Solar Project in Queensland, Australia.

About Canadian Solar. Founded in 2001 in Canada, Canadian Solar is one of the world’s largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and a.

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Canadian Solar Inc. has acquired six solar power projects totaling 46 MW in the U.K. Four of the projects, totaling 40.5 MW DC, are currently under construction and will be connected to the grid.

"With the closing of the Garland solar project, we remain on target to connect over 1.2 GWp of solar power to the grid in the U.S. during 2016," said Shawn Qu, Chairman and CEO of Canadian Solar.

The funding will be used to support the development of US Solar’s 100+ MW solar portfolio, with an initial focus in the Minnesota community solar sector.

The Company’s portfolio of solar power plants in commercial operation was 1,419.5 MWp as of September 30, 2017, with an estimated total resale value of approximately $2.0 billion. Only the class B.

GUELPH, Ontario, March 21, 2017 /PRNewswire/ — Canadian Solar Inc. ("Canadian Solar. 1,120.3 million in the fourth quarter of 2015. Total solar module shipments in the fourth quarter of 2016 were.

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Canadian Solar Secures GBP49.3 Million Refinancing with NatWest For 50 megawatts solar power projects. non-recourse term loan facilities to refinance a portfolio of 10 solar power plants, with.

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Canadian Solar has secured GBP 49.3 million (US$62.8 million) non-recourse term loan facilities to refinance a portfolio of 10 solar power plants, with total capacity of 50 megawatts in the United Kingdom. National Westminster Bank (NatWest), a subsidiary of RBS Group, is providing the 18.7-year term facility.

Projects that would need solar panels manufactured by Canadian Solar. This together with a cap of 50 MW on solar FIT projects spells problems for an Ontario industry that now has the capacity to build 700 megawatts of solar each year.