Canadian Solar elevates EUR30m war chest

Dec 2, 2021 04:10 PM ET
  • Fundraising will sustain build out of business's 4.6 GW solar portfolio as well as 2GWh battery portfolio
Canadian Solar elevates EUR30m war chest
Image: Canadian Solar

Canadian Solar has effectively completed a EUR30m green bond issuance to sustain the growth, growth as well as building and construction of its solar and battery storage portfolio in EMEA.

The bond schedules on December 2026 and the notes are assured by the business and also qualify as "green bonds" according to the International Capital Market Association (ICMA) Green Bond Principles.

Canadian Solar's solar and battery portfolio stands at 4.6 GW and also two gigawatt-hour specifically.

The notes, with a device face value of EUR100,000 each, have a tenor of five years and a coupon of 4.0%.

Capitalists included mainly public debt entities, mutual funds as well as non-financial firms.

Canadian Solar said it may increase even more funds over the following twelve months to complete the note program's complete size of EUR100m relying on the "timing of its capital needs and market problems".

Solar Installers, Manufacturers