Canadian Solar Gets Manufacturers Life Loan for Ontario Plant

Canadian Solar Inc. secured a C$52.8 million ($40.8 million) loan from Manufacturers Life Insurance Co. for a sun-powered plant in Ontario.

The 9-megawatt project currently being built is expected to start working in the last quarter of the year, the company said Tuesday in a statement. Once operational it will be acquired by Concord Green Energy Inc. No terms were disclosed.

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