(PV Tech) Solar developer Recurrent Energy has secured US$160 million in project financing for its 127MW PV project in Louisiana, US.
A power purchase agreement for the entirety of the Bayou Galion Solar project has also been signed with technology giant Microsoft, while Japanese financial group Mitsubishi UFJ Financial Group acted as coordinated lead arranger for the financing of the plant.
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Recurrent Energy is one of the world’s largest and most geographically diversified utility-scale solar and energy storage project development, ownership, and operations platforms. With an industry-leading team of in-house energy experts, we are a subsidiary of Canadian Solar Inc. and function as Canadian Solar’s global development and power services business.
