SOLAR+STORAGE

Canadian Solar Files a EUR 100 Million Note Program in the Spanish MARF to Support Project Development Growth

Canadian Solar Inc. | November 20, 2021

Solar EMEA Capital
Canadian Solar Inc. announces that Canadian Solar EMEA Capital Markets, S.A.U., an indirectly wholly-owned subsidiary of Canadian Solar, on November 19, 2021 registered in Spain a € 100 million medium term note program, dated November 15, 2021, in the Spanish multilateral trading facility (MTF) for debt securities (MARF). Any payment under the notes issued under the note program will be guaranteed by the Company. The notes may qualify as "green bonds" pursuant to the International Capital Market Association (ICMA) Green Bond Principles and the Green Financing Framework adopted by the Company in Europe, Middle East and Africa, or EMEA region. Canadian Solar's EMEA's Green Financing Framework received a favorable third-party opinion from Sustainalytics.

The notes will only be offered and sold to non-U.S. persons outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933. The notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction in the United States. The notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

In the European Union, the notes will only be directed to "qualified investors" as defined in Regulation (EU) 2017/1129, including (i) eligible counterparties, as defined in Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 (the "EU MiFID II") and the Spanish Securities Market Act; and (ii) professional clients, as defined in the EU MiFID II and the Spanish Securities Market Act, or any provision which may replace or supplement it in the future.

With the note program, Canadian Solar aims to increase its sustainable investment footprint, using the fund proceeds to finance the development and acquisition of new solar PV and battery storage projects, both nationally and internationally, and support the United Nations Sustainable Development Goals.

The notes will have a minimum denomination of € 100,000 each (or a minimum equivalent amount in any other currency), while their interest rates and maturities will be determined at the time of each issuance.

About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 20 years, Canadian Solar has successfully delivered over 63 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 6.2 GWp in over 20 countries across the world. Currently, the Company has around 430 MWp of projects in operation, nearly 7 GWp of projects under construction or in backlog (late-stage), and an additional 17 GWp of projects in pipeline (mid-to early- stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006.

Spotlight

It’s no secret that many of the planets biggest brands are advocates of the environment. But, many small business owners believe that a greener business model is a luxury only afforded to those who have the money to invest in it but this doesn’t have to be the case.

Spotlight

It’s no secret that many of the planets biggest brands are advocates of the environment. But, many small business owners believe that a greener business model is a luxury only afforded to those who have the money to invest in it but this doesn’t have to be the case.

Related News

SOLAR+STORAGE

Greenbriar Achieves Canadian Solar Energy Project Portfolio

Greenbriar | December 07, 2020

Greenbriar Capital Corp (Greenbriar) has reported that it has executed a conventional concurrence with Devon Sandford of Lethbridge, Alberta, Canada, for the securing of a 500 MW photovoltaic sun based energy venture portfolio in Alberta. The restrictive portfolio is at different phases of advancement, including late-stage, mid-stage and beginning phase ventures. Devon claims and works an enormous utility scale sun oriented energy development firm, Northern DC Solar Inc. (NDC), and has assembled a few enormous utility scale sun powered ventures in Alberta. Progressing from the assembling and charging of utility scale power frameworks into utility scale sunlight based ventures has given NDC an extraordinary point of view, basic experiences and generally speaking preferences on the most proficient method to convey enormous scope sun based undertakings productively and cost viably. Greenbriar gains a preferred position in the market as it profits by NDC's ongoing effective mechanical and electrical establishment of one of the principal enormous scope following galaxies in Canada. Situated in Southern Alberta, with more than 70 000 modules, 7000 heaps, 4.8 million mechanical pieces and 200 000 work hours, NDC can guarantee for Greenbriar what it additionally can show, which is constructing huge scope ventures, under spending plan and on schedule. The particulars of the exchange require a progression of execution installments dependent on the capital cost reserve funds under a specific edge at business creation for each task. The installments can be paid from the development continues or chose by Devon to be taken in offers at the then current market cost, with the exception of the organization will look for TSX Venture Exchange endorsement for the initial 2 million offers to be taken at current market costs. What's more, Devon will get 100 000 offers for each venture put underway in addition to 500 000 investment opportunities at US$1.50 per share. Greenbriar will pay a careful distance advisor 50 000 offers for orchestrating this exchange.

Read More

SOLAR+STORAGE

Wallbox Collaborates with Iberdrola to Use 100% Renewable Energy in its New Barcelona Plant and Offices

Wallbox | April 26, 2021

Wallbox and Iberdrola have signed a long-term on-site Power Purchase Agreement (PPA) to produce, use, and reuse 100% of the renewable energy generated at its Zona Franca plant and offices in Barcelona. Iberdrola's investment in the photovoltaic installation would enable Wallbox to save money on green energy production and usage from the start. In this way, the energy provider emphasizes renewables' sustainability through bilateral contracts that encourage energy production at competitive and stable rates with broad customers dedicated to sustainable consumption. Wallbox will achieve its target of operating in these facilities with energy autonomy while still reducing its carbon footprint, placing it at the forefront of efficient energy management by focusing primarily on solar energy. The Wallbox factory in Barcelona's Zona Franca will be outfitted with photovoltaic solar panels that will generate 1,500 MWh/year for self-consumption of these facilities and offices, which is equal to the consumption of 500 households. Installation at the offices will begin at the end of April and will be finished by the end of June, enabling the photovoltaic system to be operational at the start of the second half of the year. About Wallbox Wallbox is a leading energy management firm that develops intelligent charging solutions for electric cars. Wallbox builds a smart ecosystem that transforms the way we manage, consume, and store energy by combining cutting-edge technologies with excellent design. Wallbox, which was established in 2015 and has its headquarters in Barcelona, has the goal of facilitating the use of electric cars today to enable more efficient use of energy tomorrow. Wallbox's technology, which envisions an environment free of fossil fuels, allows people to create, use, and exchange renewable energy in ways they never considered possible. Wallbox now exports to over 60 countries and employs 400 people in offices across Europe, Asia, and the Americas, as well as two of its factories. Wallbox provides four chargers, including Quasar, the world's first bi-directional home charger with innovative bi-directional charging technology, which received the top award at CES, the world's leading industrial technology show.

Read More

SOLAR+STORAGE

The Duke Energy Division is planning a $180 Million Solar Farm in Indiana

Duke Energy | April 12, 2021

TERRE HAUTE, A renewable energy project of Duke Energy expects to build a $180 million solar farm in western Indiana that will generate enough electricity to power 35,000 households. The Hoosier Jack Solar farm, proposed by Duke Energy Renewables Solar LLC, a Duke Energy division that is not regulated by the state, will be based in southern Vigo and northern Sullivan counties. According to Tyler Coon, business development manager for Duke Energy Renewables Solar, the proposed 175-megawatt solar farm will generate enough electricity to power 35,000 households. The project would span 1,500 acres on leased land, with 896 acres in Vigo County and 604 acres in Sullivan County, and would be built on a former coal strip mine that is currently being used for crops. According to the Tribune-Star, the site is connected to a 138-kilovolt Duke Energy Indiana transmission line via a utility-owned interconnection switching station near Farmersburg. Construction is expected to begin in 2023, with a total of 200 construction jobs created over a 12- to 18-month period. By the middle of 2024, the power supply will be up and running. On Tuesday, representatives of Duke Energy Renewables Solar appeared before the Vigo County Council to seek a $100 million tax abatement on land and personal property for the part of the farm that will be in Vigo County.

Read More