Canadian Solar Completes Financing for Four U.K. Power Projects

(Bloomberg) — Canadian Solar Inc., the third-largest maker
of photovoltaic panels, arranged 35 million pounds ($53.4
million) in financing for four power projects in the U.K.

Terms of the project financing facility, which closed May
7, weren’t disclosed by the Guelph, Ontario-based panel producer
in a statement Monday. Investec Bank Plc was the deal’s sole
arranger.

The four solar farms in the U.K. have a total capacity of
40.2 megawatts and went into operation in March.

Trina Solar Ltd. was the largest solar-panel producer by
shipments last year, followed by Yingli Green Energy Holding Co.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Jim Efstathiou Jr.

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
 
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us