ANNOUNCEMENT 26 Mar 2020
In 2020, Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 26 March 2020, Export Development Bank Canada (EDC) announced that it had provided support for Canadian direct investment abroad in the renewable energy firm Luzentia Promocion y Mantenimiento Renovable SA for operations in Spain. EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$50-100 million. Taking the lowest possible amount, in this case Can.$50 million (U.S.$37.9 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.