Canadian Solar has closed ¥14.9bn ($141.5m) in finance to build and operate the 55MW Yamaguchi Shin Mine solar plant in Japan.
The senior and subordinate non-recourse term loan facilities were arranged by Hanwha Asset Management and have a maturity of 17 years.
Canadian Solar chairman and chief executive Shawn Qu said: “This is our largest investment in Japan to date and represents a significant milestone in the build-out of our solar power pipeline.
“Japan is a key growth market for the company, where we have 597MW of utility scale projects in late-stage development.”
Image: Canadian Solar
