ANNOUNCEMENT 27 Sep 2017
In 2017 Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 27 September 2017, Export Development Bank Canada (EDC) announced export financing for Canadian Solar Inc. relating to exports to India. The stated purpose of the transaction is the sale of various Canadian goods and/or services to Adani Global Pte Ltd, India.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$100-250 million. Taking the lowest possible amount, in this case, Can.$100 million (approx. U.S.$81.47 million), is our conservative estimate of the financing received.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.