Climate Finance
The Chinese-Canadian firm Canadian Solar has secured $210 million in loans to build a PV production plant in eastern Thailand. Most of the facility’s product will be exported to North America, where the U.S imposes tariffs on PV cells produced in China, including by Canadian Solar. Canadian Solar’s Thai facility would circumvent these. The financing comes from Siam Commercial Bank and China’s Misheng Bank.
Photo credit: Gerhard Joren/ADB
