Canadian Solar Inc. (the "Company", "we" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, has announced a new program designed to make it even easier for commercial installers and solar developers to bring more solar projects to completion in the U.S. market. The new financial solutions program will include extended terms and a commercial loan offering in partnership with De Lage Landen Financial Services, Inc. (DLL), a global provider of financing solutions, further demonstrating Canadian Solar's commitment to its customers' success.
"The need for clean, alternative energy solutions is greater today than ever. As a global leader, Canadian Solar is always looking for ways to make it easier for our customers to successfully and efficiently move solar energy installations from the bid process to completion. Given the currently challenging environment, we are proud to partner with DLL to help our customers secure the financing they need for their end-user customers -- financing that they would otherwise have difficulty obtaining on their own," said Alan King, general manager of Canadian Solar USA.
The Canadian Solar Financial Solutions program delivers additional value to customers. By working directly with Canadian Solar to access financing solutions and source high quality solar products, customers will reduce their projects' complexity and streamline procurement and financing activities. Several notable solar financing options are available under the new program, including the option to finance up to 100 percent of a total project's cost for qualified end-users, along with favorable terms of up to 120 days on purchases for its commercial installer and solar developer partners.
"As a veteran of the industry, our financing programs are structured with the Canadian Solar customer in mind. From extended terms to commercial loans, we're committed to finding the right financing solutions to aid project completion in collaboration with a premier solar module manufacturer," said Mark McGovern, general manager, Clean Technology at De Lage Landen.
