February 11, 2020 |
Canadian Solar said on Monday that it received a BRL225 million ($52.1 million) loan from the regional development bank Banco do Nordeste do Brasil (BNB) to fund the Lavras solar power project in Brazil.
The Ontario-based developer will use the non-recourse, inflation-linked financing to fund the construction and operation phases of the 152 MW project over 21 years, Canadian Solar said in a press release.
It added that it plans to start construction in the second quarter of 2020 and begin commer
Ontario-based renewable energy company gets $52 mln for the Lavras project in Brazil