The loan facility will be used to support the construction of solar power projects owned by Canadian Solar and which are expected to be built during 2012, 2013, and 2014.
"We are delighted to announce this agreement with Bank of China, a long time banking partner to Canadian Solar. Their strength and reputation as a global bank combined with their competitive terms makes them an ideal partner to support the growth of our project business in Ontario. This agreement also represents an important step towards our goal of generating over 40 percent of our revenue from total solutions in 2013 and beyond," said Shawn Qu, Canadian Solar's chairman and CEO.
Canadian Solar said it continues to source new banking partners to finance its Ontario and global pipelines and initiatives...
Bank of China to support Canadian Solar’s projects in Ontario
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