Vat Green 1

Canadian Solar Successfully Issues a JPY 18.5 Billion Green Samurai Private Placement in Japan

Retrieved on: 
Tuesday, October 17, 2023
GS, Credit, Green bond, Goldman Sachs, Allco Finance Group, Creativity, Growth, Vat Green 1, JCR, Security (finance), Renewable energy, Canadian Solar

GUELPH, ON, Oct. 17, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced the successful placement of a JPY 18.5 billion green samurai private placement ("private placement").

Key Points: 
  • GUELPH, ON, Oct. 17, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced the successful placement of a JPY 18.5 billion green samurai private placement ("private placement").
  • The private placement has a 3-year tenor with a mix of both semi-annual fixed (1.82% p.a.)
  • Canadian Solar has been a seasoned project bond issuer in Japan and had closed seven transactions for its ground mounted solar projects totaling over forty billion Japanese yen since 2016.
  • We look forward to continuing to partner with Canadian Solar in its quest to create a more sustainable planet for future generations."

Canadian Solar's Recurrent Energy Executes Sale of 17.5 MWp Solar Power Plant in Japan

Retrieved on: 
Thursday, September 28, 2023
Green bond, Hiku, Chugoku Electric Power Company, Canadian Solar, Professional, FIT, Vat Green 1, PV, Kilowatt-hour, Sale, US, Mandarin Films Distribution Co. Ltd., Renewable energy

Canadian Solar expects to recognize the revenue from the transaction in the third quarter of 2023.

Key Points: 
  • Canadian Solar expects to recognize the revenue from the transaction in the third quarter of 2023.
  • Recurrent Energy's local subsidiary will continue to provide long-term operations and maintenance services for the plant after the transaction.
  • The project is Recurrent Energy's first project that was awarded feed-in-tariff ("FIT") through the inaugural solar auction program launched in Japan in Q4 2017.
  • We will strive to build more PV and storage projects all over Japan, in order to deliver clean and sustainable energy to the country."