Canadian Solar Inc Secures GBP41.9 Million Project with BayernLB

Canadian Solar Inc. has announced securing a GB41.9 million non-recourse project finance facility with BayernLb.  The solar power portfolio comprised of 10 operating solar power plants totaling 52.2 MWp, was accredited under the UK’s Renewable Obligation Certificate (ROC) scheme at rates of 1.2 and 1.3 ROC, enumerating an inflation-linked solar power generation revenues for 20 years. The agreement is Canadian’s third solar power portfolio in the UK.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar said “We are excited to continue our partnership with BayernLB as we seek opportunities to expand our solar energy development initiatives across Europe.”