Recurrent Energy Secures €110 Million Multi-Currency, Green Loan Facility from Investec Energy and Infrastructure Finance UK
Canadian Solar Inc. - Common Shares (CSIQ)
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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Source: PR Newswire
GUELPH, ON, April 3, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, today announced that it has secured a multi-currency facility of up to €110 million ($120 million) from a group of international banks led by Investec Bank Plc.The facility consists of a €55 million term loan and a €55 million revolving credit facility with a total duration of three years. The funding will support Recurrent Energy in the execution of its global solar PV and energy storage project pipeline, as it transitions to become an independent power producer (IPP) and accelerates its growth strategy. As of January 31, 2024, Recurrent Energy had 27 GWp of solar PV project pipeline and 55 GWh of energy storage pipeline.Ismael Guerrero, CEO of Recurrent Energy, said, "This facility marks a significant step towards our goal of establishing a leading global platform for clean, reliable, an
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CSIQ
News
- Canadian Solar Wins Green Project Bond of the Year Award by Environmental Finance [Yahoo! Finance]Yahoo! Finance
- Canadian Solar Wins Green Project Bond of the Year Award by Environmental FinancePR Newswire
- Canadian Solar Files Annual Report on Form 20-F for Year Ended December 31, 2023PR Newswire
- South Africa Solar Energy Industry Report 2024: Market to grow by $3.74 Billion During 2023-2028, Driven by Growing PAYG Models, Rising Government Support, and Declining LCoE of Solar [Yahoo! Finance]Yahoo! Finance
- Canadian Solar: Overstated Tariff Fears Offer Excellent Pay-Off [Seeking Alpha]Seeking Alpha
CSIQ
Earnings
- 3/14/24 - Beat
CSIQ
Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 20-F
- 3/14/24 - Form 6-K
- CSIQ's page on the SEC website