Canadian Solar (CSIQ) Arm Gets $51M Financing for Horus Project

Canadian Solar Inc.’s (CSIQ) subsidiary, Recurrent Energy, recently secured non-recourse project financing worth $51 million for its 119-megawatt (MW) Horus solar project located in Mexico. Such developments should strengthen CSIQ’s footprint in the country’s solar market.  The financing has been done by two entities - Korea Eximbank, which is providing a $43 million facility and KEB Hana Bank, which is offering $8 million.Details of the ProjectThe Horus Solar project has joint ownership, with Recurrent Ene ...