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Stock impact report

Recurrent Energy Secures $183 Million in Project Financing and Tax Equity for Merchant Storage Project in Texas

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: PR Newswire
200 MWh Fort Duncan Storage is under construction and is expected to be operational by Summer 2025 to support ERCOT's peak power demandKITCHENER, ON, March 18, 2025 /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 closed project financing and tax equity for its Fort Duncan Storage project. The 200 MWh storage project, located in Maverick County, Texas, is currently under construction and is expected to be commercially operational by summer 2025 to support ERCOT's peak power demand.  Nord/LB led the project financing, which includes a construction and term loan, a tax equity bridge loan, and a letter of credit facility totaling $112 million. Recurrent Energy also executed a $71 million tax equity partnership with Greenprint Capital.Ismael Guerrero, CEO of Recurrent Energy, said, "As Texas adds record amounts of generation to Show less Read more
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