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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".

Canadian Solar has actually signed an agreement with Green Power Europe for 320MW of solar projects in Italy. The portfolio consists of four development projects in Sicily as well as Sardinia and also is being marketed to Canadian Solar, adhering to a worldwide tender process. The arrangement will certainly see Green Power Europe complete the sale of the projects to Canadian Solar once they reach the ready-to-build phase. Prothea, an independent financial consultant with a record in the Italian renewable resource market, has acted for Green Power Europe as its unique monetary advisor for advertising and also implementing the deal.

Canadian Solar has authorized a power acquisition agreement with steel supplier Usinas Siderurgicas de Minas Gerais (Usiminas) to offload 50% of the overall power production at its 381MW Morada do Sol solar farm in Brazil. Under the agreement Canadian Solar will develop and build the project in the State of Goiás. Building and construction expected to start in the first quarter of 2024 while industrial operations are anticipated in January 2025. This is the very first company PPA authorized straight with a commercial customer under the Brazilian self-production framework, Canadian Solar stated. The Morada do Sol project will certainly use Canadian Solar's high efficiency bifacial BiHiKu modules as well as soon as in operation, the project is expected to produce enough electricity to power approximately 432,700 houses and displace 118,500 lots of carbon dioxide discharges. Canadian Solar president as well as chairman Shawn Qu claimed: "While we are functioning towards our very own ESG goals, we are additionally honored to partner with Usiminas in a tailored remedy in the Morada do Sol project to attain their energy cost decrease and also ESG objectives. " This transaction likewise contributes to boost our footprint as well as leading position in the Brazilian market, and shows our capability to continue delivering sustainable, affordable, and also cutting-edge options to our customers in a country where we have actually cumulatively created over 4.1 GW of projects." Usiminas president Sergio Leite de Andrade claimed: "This year, as Usiminas celebrates its 60th anniversary, the business is looking to the future and is dedicated to make certain the sustainability of its operations. " Initiatives such as the collaboration with Canadian Solar for the supply of solar power to power our operations are very important action in its journey to be progressively straightened with the principles of the ESG agenda."

Energy has actually authorized a project growth contract with Canadian Solar to co-develop 1500MW of battery energy storage system (BESS) projects in the UK. Under

Canadian Solar, a solar manufacturer, is set to introduce a 5 GW solar wafer production unit in Chonburi, Thailand. The manufacturing facility, which will produce N-type wafers, will be operational by March 2021. These wafers will then be used in Canadian Solar's 5 GW cell plant in Jeffersonville, Indiana, by 2025. The Indiana cell unit is part of Canadian Solar's larger investment in the US, including a module assembly plant located in Mesquite, Texas. In addition to the US, Canadian Solar has a presence in China, Brazil, Canada, Thailand, and Vietnam. Recently, e-STORAGE, an arm of Canadian Solar Inc., received a supply and integration contract for 1 GWh DC in Arizona. The project has a rated capacity of 200 MW and an aggregate storage of 800 MWh AC capacity. When Will Canadian Solar's 5GW Solar Wafer Unit Open? The solar wafer production unit in Chonburi, Thailand, is expected to be operational by March 2021. The 5 GW cell plant in Jeffersonville, Indiana, is planned to be up and running by 2025. Canadian Solar has an international presence, with facilities located in China, Brazil, Canada, Thailand, Vietnam, and the US. The company recently received a contract for a 1 GWh DC in Arizona, with a rated capacity of 200 MW and an aggregate storage of 800 MWh AC capacity. Canadian Solar's investment in the US also includes a module assembly plant in Mesquite, Texas.

Canadian Solar has introduced that 3 of its solar power projects in Japan amounting to 42MWp reached industrial procedure in the initial quarter of 2023. The Oita Kitsuki, Gunma Takasaki and Yamaguchi Hofu growths are powered by Canadian Solar bifacial BiHiKu modules. The power produced is being bought by grid operators in their corresponding locations under Japan's feed-in-tariff program for around 19 years at the rates of JPY32 (US$ 0.24), JPY14.49 (US$ 0.11), and also JPY14.25 (US$ 0.10) per kWh. These projects together are readied to create circa 53,000 MWh of renewable energy, which perseverance about 15,000 houses, comparable to preventing roughly 24,000 tonnes of yearly carbon emissions. Chairman and president of Canadian Solar Dr Shawn Qu claimed: "We are delighted to be part of the green improvement that Japan is going through with these enhancements to our portfolio. " Our teams functioned closely with the local communities and governments to bring these projects to fulfillment. " Working very closely with regional community to grow a sustainable long-lasting connection is just one of our ESG sustainable growth goals. " Canadian Solar's Sustainability Report provides a thorough discussion on our ESG goals, targets and techniques. " The Oita Kitsuki project was our initial website where we installed a Static Synchronous Compensator (STATCOM), an extra challenging power quality demand that will meaningfully assist improve the grid's integrity provided the expanding variety of interconnected solar farms. " On the other hand, the Gunma Takasaki and Yamaguchi Hofu projects were granted FITs using the solar public auction held in 2018. " Despite market uncertainties over the feasibility of building developments with JPY14 per kWh at the time of the public auction, our team persisted and also today has actually proved the ability to create value and build solar farms that will benefit both neighborhood communities as well as financiers."

Canadian Solar has actually signed two 10-year PPAs with Axpo Italia for the purchase of 70% of power created by 2 solar energy plants under growth amounting to 84MWp. Axpo Italia is one of the largest market drivers in the free energy market in Italy and a very trusted and bankable renewables generator counterparty, Canadian Solar said. Both solar projects of 33MWp and 51MWp are located in the main Lazian city of Viterbo, and the western Sicilian city of Trapani, respectively. Canadian Solar is establishing both projects, which are planned to start construction before 2023. Axpo Italia will certainly buy the projects' clean solar electrical energy after they get to commercial procedure in January 2024. As soon as in operation, the projects are anticipated to create approximately 156GWh of clean power every year, equal to the annual electricity usage of approximately 61,000 households or displacing 48,500 tonnes of carbon dioxide exhausts. Canadian Solar chairman and president Shawn Qu stated: "We delight in to sign our 2nd and 3rd PPA with our partner Axpo Italia, coming to be the largest solar programmer in the country based upon gotten volume. " The growth of renewable resource in Italy is vital to achieving the nation's decarbonisation and power protection purposes. " We will certainly remain to step up in our leadership function as we remain to grow our pipe of clean energy projects in Europe." Axpo Italia president Simone Demarchi added: "For us at Axpo, it is vital to proceed sustaining the growth and improvement of lasting agreements (PPAs) for the production and distribution of power from renewable sources. " Today, we possess a worldwide experience in this field and we are specifically happy that the Italian market is starting to perceive its centrality too. " Thanks to our work with highly certified partners such as Canadian Solar, PPAs represent among the very best devices to advertise the building and construction of brand-new clean power plants and placed them at the heart of ambitious goals and approaches to attain decarbonisation."