Canadian Solar's and EDF Energies Nouvelles' Pirapora I Project Secures the First Solar Financing from the Brazilian Development Bank

GUELPH, Ontario, Aug. 7, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies and EDF Energies Nouvelles, a global market leader in renewable energy, today announced that the 191.5 MWp Pirapora I project had secured a project financing facility amounting to BRL529 million (US$163 million) from the Brazilian Development Bank ("BNDES"). The Pirapora I project is the first-ever solar power generation project to be financed by BNDES, with funding entirely from TJLP (Brazilian Long Term Interest Rate). The 18-year financing facility underscores the confidence of BNDES in the long-term growth of renewable ...

via Canadian Solar Inc. Press Releases http://ift.tt/2wmiHmK