Canadian Solar Secures Loan from Japanese Syndicate


The syndication was well received by Japan’s banking sector, with 13 financial institutions participating. Canadian Solar will use the funds to finance the development of solar projects in Japan, as well as for general corporate working capital requirements.

“We are very pleased to receive such strong support from a leading group of financial institutions, demonstrating their confidence in the growth prospects of Canadian Solar,” said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. “We value our partnership with SMBC, and we look forward to continuing the cooperation to support our business growth in Japan and other important markets.”

Canadian Solar already has a significant presence in the Japanese market, and secured a JPY 6.2 billion (US$60 million) investment from Prudential Capital Group earlier this year. The company currently has a pipeline of more than 20 MW of solar PV projects in the country.

With this new source of funding Canadian Solar remains one of the largest and most successful businesses in the solar industry. As well as this expansion in Japan, we are seeing major projects in development in China, Latin America and all over the world.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.