Investec Bank said has arranged a long term financing of a portfolio of four UK projects totalling 40MW owned by Canadian Solar.
The long term debt was provided by Bayern LB after Investec ran a competitive process for the company.
Investec had originally provided a short term bridging facility that funded the portfolio shortly after its connection to the electricity grid.
Olivier Fricot, head of Power and Infrastructure Lending, Investec, said: “Having supported Canadian Solar in its first ROC based project financing Investec is delighted to have arranged a long term financing solution on very attractive terms to Canadian Solar.
“It further endorses the expertise of our team in the UK renewables sectors where we continue to see a strong level of lending and M&A activities.”