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Canadian Solar Secures Eur 50 Million From Santander To Support Growth In Project Development In Emea

PUBLIC · CSIQJun 24, 2021

Amount Raised

€50 Million

Round Type

Funding Round

GuelphManufacturingEnergyHardwareRenewable EnergySolar

Description

Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has secured a €50 million bilateral corporate facility with Banco Santander, S.A. ("Santander"). The facility will support growth at Canadian Solar's Global Energy business as it executes and expands on its project development pipeline in the Europe, Middle East and Africa, or EMEA region, and further diversifies the Company's sources of financing.

Quick answer

Canadian Solar raised €50 Million in a Funding Round round, dated June 24, 2021. Canadian Solar is based in Guelph, Ontario, Canada.

How much did Canadian Solar raise?
Canadian Solar raised €50 Million in a Funding Round round on June 24, 2021.
What does Canadian Solar do?
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies.
Where is Canadian Solar based and how big is it?
Canadian Solar is based in Guelph, Ontario, Canada. Fundz records about 21,000 employees.
Who are the decision-makers at Canadian Solar?
Fundz holds 1 contact at Canadian Solar, including the GTM Engineering Instructor. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Hardware around the same time

Companies in the same sectors as Canadian Solar that raised within 45 days of this round, from Fundz verified event records.

  • Mainspring Energy raised $108M on July 6, 2021.
  • Toledo Solar, Inc. raised $5.2M on May 28, 2021.
  • NuScale Power raised $200M (Corporate Round) on August 3, 2021.
  • Longroad Energy raised an undisclosed amount (Funding Round) on August 2, 2021.
  • Terra-Gen raised an undisclosed amount (Funding Round) on August 2, 2021.
  • NuScale Power raised an undisclosed amount on July 22, 2021.

Who to call at Canadian Solar, and when

A new round usually means Canadian Solar is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Canadian Solar

Location

545 Speedvale Avenue West

Guelph, Ontario, Canada

About

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 22 years, Canadian Solar has successfully delivered over 102 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 9 GWp of solar power projects and over 3 GWh of battery storage projects across the world. Currently, the Company has approximately 700 MWp of solar power projects in operation, 8 GWp of projects under construction or in backlog (late-stage), and an additional 17 GWp of projects in advanced and early-stage pipeline. In addition, the Company has a total battery storage project development pipeline of 52 GWh, including approximately 2 GWh under construction or in backlog, and an additional 50 GWh at advanced and early-stage development. 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. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

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Related People

1 contact
Verified contactsLillian, GTM Engineering InstructorSee plans and pricing
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Canadian Solar raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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