The money – comprising non-recourse, short-term construction financing from Deutsche Bank – will see Canadian Solar build five utility-scale projects by the end of 2013, all of them set to benefit from Ontario’s feed-in tariff (FIT) and a 20-year power purchase agreement.
Canadian Solar, which performs most of its manufacturing in China but also maintains a 200MW module plant in Ontario, was the biggest winner in Ontario’s FIT bonanza several years ago, winning contracts for more than 300MW of capacity.
In
