The projects – all developed in-house – will be builtthroughout 2014, with Canadian Solar intending to pay the loans back with theproceeds it generates from selling the finished ground-mount arrays.
All three projects are guaranteed 20-year power purchaseagreements under Ontario’s feed-in tariff programme.
The short-term, non-recourse loan represents the second suchfinancing package Canadian Solar has arranged with Deutsche Bank, anexperienced financier in the European PV market.
“The
