Overview

China-Portuguese Cooperation and Development Fund provides USD $30 million to Canadian Solar for energy projects in Brazil (linked to Record ID#100513)

Commitments (Constant USD, 2023)$30,952,015

Commitment Year•2020Country of Activity•BrazilDirect Recipient Country of Incorporation•CanadaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 2, 2020

Geospatial footprint

Map overview

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The purpose of the project is to construct the Pirapora I solar power plant in Brazil. More detailed locational information can be found at: https://www.openstreetmap.org/relation/9854634

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Funds

China-Portuguese-Speaking Countries Cooperation and Development Fund

Receiving agencies

Private Sector

Canadian Solar, Inc.

Implementing agencies

Private Sector

Canadian Solar, Inc.

Loan desecription

China-Portuguese Cooperation and Development Fund provides USD $30 million to Canadian Solar for energy projects in Brazil

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2017, the China-Portuguese Cooperation and Development Fund provided a USD $20 million unsecured loan to Canadian Solar to construct the Pirapora I solar power plant in Brazil (see Record ID#100513). Then, on April 2nd, 2020, the company received US$30 million (approximately 212 million yuan) in financing from the China-Portuguese Fund Canadian Solar to develop and construct the company's photovoltaic power plant projects in Brazil.