February 1, 2019 |
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
BNB lends $81m for a 114 MWp project in Pernambuco