Canadian Solar secures US$99.5 million Deutsche Bank loan

Facebook
Twitter
LinkedIn
Reddit
Email

Canadian Solar has signed an agreement with Deutsche Bank for a CAD$104 million (US$99.5 million) loan.

The facility will be used to provide the short-term construction financing for a number of projects in Ontario.

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

“This is the second construction loan package we have signed with Deutsche Bank,” said Shawn Qu, chairman and CEO, Canadian Solar.

“We thank Deutsche Bank for its continued partnership, which underscores the strength of our tier one position in the solar industry and our prospects for profitable growth. The support of global financial institutions, like Deutsche Bank, allows us to expand our actionable pipeline of the quality projects which our investors would like to acquire,” he added.

The company anticipates that the loans will be repaid using the proceeds of the sales of the completed projects.

Canadian solar recently began work on a 130MW solar farm in Ontario. It has also recently sold four Ontario-based projects with a total installed capacity of 36MW.

In August it sold five Ontario projects totalling 49MW to Concord Energy for CAD$290 million (US$277 million).

Read Next

September 10, 2025
At RE+ 2025, companies launched AI-driven platforms, terrain-following trackers, low-carbon modules, and advanced energy management solutions for solar and storage.
Premium
September 10, 2025
PV Talk: Italy’s new CfD policy offers clear support for solar developers in an otherwise uncertain legislative landscape, says Terrawatt's Patrizio Donati.
September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.
September 10, 2025
Renewables developer rPlus Energies has secured US$100 million in tax equity financing for its 125MW solar PV plant in the US state of Idaho.
September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 10, 2025
Cordelio Power has started commercial operations at its 150MW Winfield solar project in Lincoln County, Missouri.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines