The facilities were arranged by Hanwha Asset Management and have a maturity of 17 years.

Canadian Solar chairman and CEO Shawn Qu said: "We are pleased to close the project finance facilities with Hanwha Asset Management and commence construction of the Yamaguchi Shin Mine project. 

"This is our largest investment in Japan to date and represents a significant milestone in the build-out of our solar power pipeline

"Japan is a key growth market for the Company, where we have 597 MWp of utility scale projects in late-stage development."

Hanwha Global Alternative Investments Head Ju Su Lee said: "Renewable energy is a focus sector for Hanwha. We are pleased to arrange this facility for Canadian Solar in support of their growth plans in Asia."