Business World of Renewable Energy

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Canadian Solar Collects 30 Million US-Dollars

Guelph, USA - The solar company Canadia Solar Inc. has received approval for funding from the country cooperation and development fund "CPDFund".

The CPDFund was established in June 2013 by the China Development Bank and the Macau Industrial and Commercial Development Fund, which are dedicated to promoting investment and cooperation between China and Portuguese-speaking countries.

Canadian Solar intends to deploy the funding for the development and construction of solar projects in Brazil, where Canadian Solar has established a leadership position. The Company has 1.7 GWp of solar PV projects developed and awarded with PPAs in the federal and regional energy auctions, of which 480 MWp are under operation.

According to Canadian Solar, since its establishment, the CPDFund has reached US$ 1 billion in size and has become an important platform to foster investment cooperation between China and Portuguese-speaking countries.

Source: IWR Online, 06 Apr 2020