Recurrent Energy Closes $103 Million Tax Credit Transfer Agreement with Bank of America for North Fork Solar Project
Canadian Solar Inc. - Common Shares (CSIQ)
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Source: PR Newswire
The 160 MW North Fork Solar Project is now in operation, supplying power to the Oklahoma Municipal Power AuthorityGUELPH, ON, June 27, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today that it has signed a $103 million tax credit facilitation agreement with Bank of America for its North Fork Solar Project ("North Folk Solar"). The 160 MW solar project, located southwest of Oklahoma City, is now operational.To celebrate the commencement of operations, Recurrent Energy and Oklahoma Municipal Power Authority ("OMPA"), hosted a ribbon-cutting ceremony on June 26, 2024. OMPA, which serves 42 municipally-owned electric systems in Oklahoma, will purchase 100% of the energy produced by North Fork Solar under a 15-year agreement. Recurrent Energy will continue to own and operate the project long-term.This tax equity agreement marks Recurrent
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News
- Recurrent Energy Closes $103 Million Tax Credit Transfer Agreement with Bank of America for North Fork Solar Project [Yahoo! Finance]Yahoo! Finance
- Solar Photovoltaic Services Market size is set to grow by USD 24.32 billion from 2024-2028, Increasing new installations and aging asset base of solar PV modules to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- Canadian Solar Inc. Announces Results of 2024 Annual Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- Canadian Solar Inc. Announces Results of 2024 Annual Meeting of ShareholdersPR Newswire
- Canadian Solar Partners with Lifestyle Solar to Deliver Residential Solar and Energy Storage Solutions to California Homebuilders [Yahoo! Finance]Yahoo! Finance
CSIQ
Earnings
- 5/9/24 - Beat
CSIQ
Analyst Actions
- 6/12/24 - UBS
CSIQ
Sec Filings
- 6/21/24 - Form 6-K
- 6/20/24 - Form 6-K
- 6/12/24 - Form 144
- CSIQ's page on the SEC website