The funds will be partially used to finance it’s acquisition of a majority interest in 16 solar projects at a cumulative cost of C$185m (US$186.6m).
The stake was acquired from SkyPower and represents approximately 190MW to 200MW of installed capacity.
Canadian Solar’s Chairman and Chief Executive Officer said that the agreement highlights the company’s strong position and bankability.
"We are pleased to have the support of one of the world’s largest banks as we continue to execute on our business and advance our goal to generate 40% of our revenue from total solutions, which include solar power generation project development, facilitation of financing arrangements, EPC services and total hardware kit sales," added Qu.
