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Canadian Solar Signs Loan Agreement with China Development Bank (Canadian Solar Inc)

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(Source: Canadian Solar Inc) GUELPH, Ontario, June 3, 2013/PRNewswire-FirstCall/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has signed a RMB270 million(US$44.1 million) loan agreement with China Development Bank. The loan facility has a fifteen-year maturity, including one year grace period and will be used to finance the construction of a 30MW solar project and its ancillary facility in the western part of China. "Our new credit agreement is a testament to Canadian Solar's recognition as a global leader in the utility-scale solar power plant...

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