Canadian Solar's subsidiary registered a EUR 50 million Green Medium Term Note Program on the Spanish MARF to support EMEA project development, with a parent guarantee up to EUR 65 million.
Key takeaways
EUR 50 million green note program registered in Spain's MARF to fund solar and battery storage projects.
Parent company guarantees notes up to EUR 65 million unconditionally and irrevocably.
Proceeds primarily for purchasing, financing, or refinancing renewable energy facilities in EMEA and OECD countries.
Notes may qualify as green bonds under ICMA Green Bond Principles; Sustainalytics provided positive second-party opinion.
Minimum denomination of EUR 100,000; interest rates and maturities set per issuance.