Canadian Solar (CSIQ +3%) will get $139M in financing from Deutsche to support the construction...

|About: Canadian Solar Inc. (CSIQ)|By:, SA News Editor

Canadian Solar (CSIQ +3%) will get $139M in financing from Deutsche to support the construction of 49MW worth of Ontario solar projects. 20-year power purchase deals have been worked out with the Ontario Power Authority for the projects, which are supported by feed-in-tariff subsidies. Like many other solar module vendors, CSIQ has a huge debt load (over $1.1B at the end of Q3) and has been bleeding cash.