The second-largest Silicon Module Super League (SMSL) member, Canadian Solar, has secured US$70 million in loans and equity investment from the International Finance Corporation to support its previously announced plans to establish a 300MW module assembly plant in Vietnam and production plants elsewhere, such as Brazil.
Canadian Solar had previously announced it would allocate around US$401 million in capital expenditures through the end of 2016 to significantly increase in-house wafer, cell and module production capacity and locate new plants in multiple countries, including 300MW in Vietnam, 30MW in Indonesia, 300MW in Brazil and 400MW in Southeast Asia.
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However, the major SMSL member has still not publicly provided timelines or plant locations for the expansions in new countries.
