Installation Rush before June 30 Triggers Mono- and Multi-si Orders as well as Price Rise: Price Trend
China’s installation rush in advance to June 30 has finally appeared after the SNEC 2017 tradeshow held in Shanghai. This week.. more
Canadian Sola has closed JPY14.9 billion (US$141.5 million) senior and subordinate non-recourse term loan facilities to finance the construction and operation of a 55MWp solar power plant in the Yamaguchi prefecture, Japan. The facilities were arranged by Hanwha Asset Management and have a maturity of 17 years.
"We are pleased to close the project finance facilities with Hanwha Asset Management and commence construction of the Yamaguchi Shin Mine project. This is our largest investment in Japan to date and represents a significant milestone in the build-out of our solar power pipeline," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. "Japan is a key growth market for the Company, where we have 597 MWp of utility scale projects in late-stage development."
Ju Su Lee, Head of Global Alternative Investments at Hanwha said, "Renewable energy is a focus sector for Hanwha. We are pleased to arrange this facility for Canadian Solar in support of their growth plans in Asia."
The global solar market has yet to show signs of turnaround after going through the turbulent 2016. The latest Gold Member Solar Repor.. more