Canadian Solar Announces C$77M Closing of Solar Equity Securitization in Japan

Guelph, ON-headquartered Canadian Solar Inc. has announced the completion of its first equity securitization in Japan. This is the first equity securitization in the world to be backed by long-term contracted solar assets. Canadian Solar successfully raised 6.3 billion yen (approximately C$77 million) from a mix of Japanese and Korean investors. Proceeds from the offering were deployed to acquire Canadian Solar’s 34MWp operating solar portfolio, comprising the 23.8MWp Smart Solar Yamaguchi-Aio Solar Power Plant and the 10.2MWp CSJ Kamikitagun Rokunohemachi Solar Power Plant. Goldman Sachs Japan Co., Ltd. was the sole structuring agent and sole placement agent for the transaction. Canadian Solar is one of the world’s largest solar power companies with business subsidiaries in over 20 countries.

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