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Recurrent Energy Secures $415 Million Corporate Debt Financing to Accelerate Global IPP Growth [Yahoo! Finance]
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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US:NASDAQ Investor Relations: investors.canadiansolar.com
KITCHENER, ON April 30, 2025 /PRNewswire/ -- Recurrent Energy , a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a leading global developer, owner, and operator of solar and energy storage assets, announced today that it has secured a multi-currency credit facility valued at up to US$415 million , backed by a consortium of four major banks. This corporate facility offers a flexible and scalable financing solution aligned with Recurrent Energy's strategy to expand its independent power producer (IPP) portfolio across diverse geographies and markets. Initially sized at US$415 million , the facility includes an accordion feature, which allows for potential upsizing, and offers disbursements in USD, EUR, GBP, and AUD. This structure strengthens Recurrent Energy's financial agility, enabling it to pursue strategic opportunities and accelerate the deployment of clean energy projects worldwide. The closing of this credit facility marks a milestone in Recurrent
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- Canadian Solar Appoints Colin Parkin as President and Dylan Marx as Chief Operating Officer [Yahoo! Finance][Yahoo! Finance]
- Canadian Solar Appoints Colin Parkin as President and Dylan Marx as Chief Operating Officer[PR Newswire]
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