Canadian Solar borrows in Brazil

Canadian Solar borrows in Brazil

Loans Project & Infrastructure Finance Solar Renewable Energy Brazil

Canadian Solar has secured BRL295m ($81m) in financing from the regional development bank Banco do Nordeste (BNB) for the 114 MWp Salgueiro project in Brazil. The 20-year loan is based on the government's constitutional funds rate, or TFC, and has one tranche to cover construction and another to fund operations, Canadian Solar said in a press release. The project comes with a 20-year power purchase agreement (PPA) through Brazil's electricity trading house CCEE. Canadian Solar plans to start con

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