Canadian Solar registers EUR-100m note programme in Spain

Canadian Solar Inc (NASDAQ:CSIQ) said on Friday that is has registered a EUR-100-million (USD 112.9m) medium-term note programme in Spain to secure proceeds for the development and acquisition of new solar PV and battery storage projects.

The notes were registered by an indirectly wholly-owned subsidiary of the Canadian solar modules maker and project developer in Spain’s Alternative Fixed-Income Market (MARF), one of main Multilateral Trading Facilities (MTFs) in the country.

The notes may qualify as green bonds in line with international green bond principles and the company’s green financing framework, Canadian Solar said.

According to Canadian Solar, the note programme will help the company increase its sustainable investment footprint. It said it would use the funds to develop and acquire new solar and battery projects both at home and internationally, without going into specifics.

(EUR 1.0 = USD 1.129)

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