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Stock impact report

Recurrent Energy Closes $103 Million Tax Credit Transfer Agreement with Bank of America for North Fork Solar Project [Yahoo! Finance]

Canadian Solar Inc. - Common Shares (CSIQ) 
Last canadian solar inc. - common shares earnings: 3/26 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.canadiansolar.com
Company Research Source: Yahoo! Finance
GUELPH, 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 Energy's first production tax credit (PTC) transaction and first tax credit transfer transaction. By tr Show less Read more
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