Home / Daily Briefs / 2022 / 17 / Canadian Solar borrows again from BNB

Canadian Solar borrows again from BNB

Canadian Solar borrows again from BNB

June 17, 2022
Ontario-based solar power developer gets $27 mln for the second phase of the Lavras project in Ceará

Loans Debt ESG Renewable Green Finance Project & Infrastructure Finance Energy Solar Wind

Canadian Solar said it has borrowed BRL136 million ($26.9 million) from development bank Banco do Nordeste do Brasil (BNB) to finance the second phase of the Lavras solar power project in Brazil. The inflation-tied loan, priced with a spread based on the IPCA consumer price index, "will provide improved capital and resource alignment with the Brazilian economy," Canadian Solar said in a press release. "Sustainable public sector commitment for clean and affordable solar energy infrastructure has

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial