LONDON (dpa-AFX) - Canadian Solar Inc. (CSIQ) announced Wednesday that its
unit Recurrent Energy has secured a multi-currency facility of up to 110 million
euros or $120 million from a group of international banks led by Investec Bank
Plc, the UK banking subsidiary of Investec Plc.

The multi-currency, green loan facility from Investec Energy and Infrastructure
Finance UK consists of a 55 million euros term loan and a 55 million euros
revolving credit facility with a total duration of three years.

It is expected that the funding will support Recurrent Energy in the execution
of its global solar PV and energy storage project pipeline. As of January 31,
2024, Recurrent Energy had 27 GWp of solar PV project pipeline and 55 GWh of
energy storage pipeline.

Ismael Guerrero, CEO of Recurrent Energy, said, 'This facility marks a
significant step towards our goal of establishing a leading global platform for
clean, reliable, and affordable energy solutions. We appreciate the support and
trust of Investec and its partners and anticipate a mutually beneficial
long-term relationship.'



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