Canadian Solar secured a loan of Euro 49.3 million

Canadian Solar has secured a loan of Euro 49.3 million from UK-based bank NatWest for the refinancing of 10 solar PV parks in the UK with a combined capacity of 50 MW. The non-recourse term loan has an 18.7-year payback term. The company will use a part of the proceeds to repay a construction loan worth £28.1 million.