Solar panels and battery solutions provider Canadian Solar Inc (NASDAQ:CSIQ) plans to raise USD 200 million (EUR 181m) in a private placement of secured convertible notes with Asia Pacific investment firm PAG. The deal allows PAG to subscribe for convertible notes that will be issued by Canadian Solar, secured against pledges provided by the company’s subsidiaries. The company plans to use the proceeds to optimise its capital structure, repay some of its debt and invest in solar projects. The notes will have an interest rate of 6% per annum, and can be converted into common shares at the holder’s option at an initial conversion price of USD 18.20 apiece. The transaction is expected to close in the fourth quarter of 2024.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







