Canadian Solar Inc. announced it has closed a US$45 million financing with Natixis. Proceeds from the non-recourse financing will be used to construct the Company's 68MW solar power project in Aguascalientes, Mexico.
"This is Canadian Solar's first solar power project in Mexico and our first time working with Natixis. I expect more to come in this rapidly growing market," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc. "We have a 436MW pipeline of late-stage solar projects with PPAs in Mexicoand look forward to collaborating with financial institutions, such as Natixis to, construct these projects."