Canadian Solar Gets Loan From Deutsche Bank to Build Solar Farms
The non-recourse, construction financing will fund the 30 megawatts of projects that are expected to be built and connected in Ontario through 2014, the Guelph, Ontario-based company said today in a statement.
The projects will sell electricity to the Ontario Power Authority under 20-year contracts, Canadian Solar said. The company got a C$139 million loan from the bank last year.
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