30 Jan '16, 11am

Canadian Solar Secures $70 Million Investment In Vietnam Production Facility

Canadian Solar, one of the world’s largest solar power companies, made the announcement Thursday, revealing that it had entered into agreements with the International Finance Corporation (IFC) to receive a package of up to $70 million in loans and equity investment. Specifically, the package from IFC — a member of the World Bank Group and the largest global development institution focused solely on the private sector in emerging markets — includes loans to Canadian Solar worth up to $60 million and a subscription of up to $10 million in common shares of Canadian Solar.

Full article: http://cleantechnica.com/2016/01/30/canadian-solar-secure...

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