Financing signed for solar power projects in Canada

Canadian Solar Inc. (NASDAQ: CSIQ) and Bank of China (Canada) and Bank of China, New York Branch, have signed a ground breaking financing agreement to provide a C$120 million ($120.1 million) construction loan facility for solar power plants in Ontario, Canada.

The loan facility will be used to support the construction of solar power projects owned by Canadian Solar and which are expected to be built in 2012, 2013, and into 2014.

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