Canadian Solar has signed a CAD$120m financing agreement with the Bank of China. The loan facility will accelerate Canadian Solar’s solar power construction projects set to start this year over the next two years.
Bank of China is a long term banking partner to Canadian Solar and has already been instrumental in supporting the solar company’s growth in Ontario.
The agreement, according to Canadian Solar’s chairman and CEO Shawn Qu, is an important step towards the company’s goal of generating over 40% of our revenue from total solutions in 2013 and beyond.
