Canadian Solar Secures JPY6.2 Bn Green Solar Financing in Japan


Solar - Jul 11, 2016

Canadian Solar Inc. one of the world's largest solar power companies, today announced that it has entered into a private placement with Prudential Capital Group, pursuant to which, the global investment management business of Prudential Financial, Inc. has agreed to purchase non-recourse notes with principal amount totaling approximately JPY6.2 billion (US$60.0 million). The proceeds from the private placement will be used to finance a portfolio of environmentally-friendly solar power plants totaling 21.2MWp in Japan.

"This is our inaugural green solar private placement with a blue chip institutional investor, and represents the second project bond financing structure executed by Canadian Solar in the Japanese market, further diversifying our funding mix," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc. "This successful transaction once again underscores the confidence that leading financial institutions have in Canadian Solar's project pipeline in Japan and positions us well to continue to deliver on our mission to accelerate the deployment of clean, reliable, emission-free solar energy worldwide."


Related Research on ASDReports.com:
Power Annual Deals Analysis 2016

Source : Canadian Solar

Published on Global Energy World: Jul 11, 2016

 

European Solar PV Asset Management Forum 2017

Jun 28 - 29, 2017 - London, United Kingdom

Register More info


zpsk