Canadian Solar bags financing to pursue flexible Brazilian solar strategy

Facebook
Twitter
LinkedIn
Reddit
Email
A utility-scale solar project brought forward by Canadian Solar in the US. Image: Canadian Solar.

Canadian Solar has closed a BRL500 million (US$100 million) financing facility to develop a Brazilian solar portfolio claimed to be the country’s largest, while also giving it the option to hold built solar assets for longer.

Canadian Solar has turned to Brazilian banks BTG Pactual and Itaú BBA for the facility, which will be used to fund up to 70% of the module manufacturer’s equity contributions in a subset of the Brazilian portfolio.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The financing facility will support the creation of a publicly-listed vehicle for operating projects which the company said would give it more flexibility regarding when to monetise projects moving forward.

“With this facility, we can further leverage our equity contribution to build projects in Brazil and monetize them post-COD at attractive valuation, while maintaining the option to retain meaningful long-term ownership,” Shawn Qu, chairman and CEO at Canadian Solar, said.

The ‘Solar Module Super League’ manufacturer said the financing structure was unique to the local market.

Canadian Solar said it had developed and contracted nearly 3GW of solar projects in Brazil, tapping into federal, regional and private power purchase agreement auctions. Around 480MWp of projects are in operation and have been sold to third parties, a further 483MWp is currently under construction, while 2GW of projects are at other development stages.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 7, 2025
OpenSolar has secured US$13.1 million in equity financing from technology investors, including Titanium Ventures, Google and others.
October 7, 2025
Doral Renewables has secured a PPA with an unnamed 'corporate buyer' for its 430MW Cold Creek solar-plus-storage project in Texas.
October 6, 2025
US utility AES Corporation is reportedly in discussions to be acquired by Global Infrastructure Partners (GIP), a subsidiary of global asset owning giant BlackRock.
October 3, 2025
SunStrong Management has raised US$900 million to refinance a 'large portfolio' of residential solar assets developed by SunPower.
October 3, 2025
Chinese government policies and supply-side production cuts will drive a significant increase in solar and storage component costs.
September 29, 2025
German renewables developer ABO Energy is looking to begin owning and operating its energy projects in a transition from a “pure play” developer to an independent power producer (IPP) model.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK