Canadian Solar secures financing for projects in the UK
Canadian Solar Inc. has signed a financing agreement pursuant to which Royal Bank of Scotland (RBS) has agreed to provide a GBP19.2 million (US$29 million) term loan to Canadian Solar for the construction of seven solar power plants with a total installed capacity of 38MWp in the United Kingdom.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, stated:
"We are pleased to announce the term loan facility with RBS that will support the construction of seven solar systems and expand our fleet of solar plants in the UK by 38 MWp, to 78 MWp. We are also pleased with the execution of our Energy business plan across all of our key markets as we continue to successfully develop, finance and build high quality solar energy assets in low risk geographies."
We have recently reported that Canadian Solar announced that its wholly owned subsidiary, Recurrent Energy, closed on a combined construction and term debt facility, with a syndicate of five banks, for the 157.5 megawatt (MW) ac/ 212 MWp Roserock solar project in Texas.
Additionally, Canadian Solar signed in July, a JPY3.5 billion credit facility agreement with Rabobank Hong Kong for the development of solar power plants in Japan.
Country news
-
-
December 08, 2015
Calvin Capital announces financial close on GBP 1bn funding for GB Smart Metering programme
Calvin Capital has announced that it has raised approximately £1 billion (US$1.5 billion) to support the mass roll-out programme of more than 7 million smart meters in homes across Great Britain. Read more -
December 04, 2015
Fengate Capital Management acquires UK Solar Parks
Fengate Capital Management has finalized the purchase of two solar parks for C$110 million (US$82.54 million), its first investment in the United Kingdom. Read more -
November 30, 2015
Greencoat UK Wind raises £48 million
Greencoat UK Wind plc, the listed renewable infrastructure fund, solely and fully invested in operating UK wind farms, recently announced the £48 million result of its placing by way of tap issuance to institutional investors. Read more -
November 30, 2015
Greencoat UK Wind acquires Stroupster Wind Farm
Greencoat UKW Wind PLC has announced that it has entered into an agreement to acquire Stroupster Wind Farm from BayWa r.e. renewable energy GmbH for a total consideration of £85 million. Read more -
November 26, 2015
Bioenergy Infrastructure Group announces FC for second energy from waste project
Bioenergy Infrastructure Group (BIG), a platform established to invest and operate biomass plants in the UK,has announced the financial close on its second Energy-from-Waste (EfW) project. Read more
