Canadian Solar Gets 3.5 Billion Yen Loan Facility From Rabobank

(Bloomberg) — Canadian Solar Inc. secured a 3.5 billion
yen ($28 million) loan agreement with Rabobank Group.

The credit facility from Rabobank Hong Kong has a two-year
maturity and will be used to build as much as 20 megawatts of
solar power in Japan, Canadian Solar said in a statement
Tuesday.

“Japan is a key market for us,” Chief Executive Officer
Shawn Qu said in the statement.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Iain Wilson, Andrew Hobbs

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