The company will utilize the 1 year tenor loan to finance its previously announced acquisition of four solar projects in Ontario, Canada.
Canadian Solar chairman and chief executive officer Dr Shawn Qu stated that the company continues to attract blue chip financial and construction partners across the entire project lifecycle.
"We believe this validates the value of Canadian Solar’s global scale, proven track record, and both project expertise and quality," Qu added.
"This sets us apart in the industry and is allowing us to accelerate the development of our already strong pipeline in Canada, the U.S. and worldwide."
