Canadian Solar Gets 3.5 Billion Yen Loan Facility From Rabobank

Canadian Solar Inc. secured a 3.5 billion yen ($28 million) loan agreement with Rabobank Group.

The credit facility from Rabobank Hong Kong has a two-year maturity and will be used to build as much as 20 megawatts of solar power in Japan, Canadian Solar said in a statement Tuesday.

“Japan is a key market for us,” Chief Executive Officer Shawn Qu said in the statement.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE