(Renewables Now) Canadian Solar Inc (NASDAQ:CSIQ) will unload 30% of the preferred units of CSFS Fund I, its first Italian alternative investment fund which holds a 124.2-MWp portfolio of under-construction solar projects across Italy.
The units will be acquired by Gardant Investor SGR, the asset management arm of Italian credit manager Gardant Group, which has pledged to finance 30% of the overall construction costs. Canadian Solar said on Tuesday it will also seek to sell an additional 30% of preferred units to a different financial investor and keep 40% of non-preferred units itself.
