Canadian Solar has secured $50m of long-term financing for the construction of the 100MW Cafayate PV farm in Argentina – a second batch of multilateral solar finance that bodes well for the country’s ambitious renewables programme.

The loan will be fully backed by the project’s 20-year, dollar denominated PPA signed following the '1.5' tender round held in 2016 under the government’s RenovAr renewable energy programme.