Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Canadian Solar Borrowing $140 Million From Deutsche Bank

Don't Miss Out —
Follow us on:

Dec. 3 (Bloomberg) -- Canadian Solar Inc., a panel maker with manufacturing operations in China, is borrowing C$139 ($140 million) from Deutsche Bank AG to build five solar farms in Ontario.

The non-recourse construction financing will fund 49 megawatts of solar power, the West Guelph, Ontario-based company said today in a statement.

The short-term loans are expected to be repaid when the solar farms are sold. TransCanada Corp. has agreed to buy them. The projects will sell electricity to Ontario Power Authority under 20-year contracts.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.