Canadian Solar secures fifth BNB loan

Canadian Solar secures fifth BNB loan

Project & Infrastructure Finance Loans Debt Brazil Canada

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

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