Recurrent Energy Closes Project Financing for 119 MW Solar Project in Mexico
GUELPH, ON, Feb. 27, 2024 /PRNewswire/ -- Recurrent Energy , a subsidiary of Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today that it has closed non-recourse project financing for its 119 MW Horus Solar project in the region of Aguascalientes, Mexico.
- GUELPH, ON, Feb. 27, 2024 /PRNewswire/ -- Recurrent Energy , a subsidiary of Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today that it has closed non-recourse project financing for its 119 MW Horus Solar project in the region of Aguascalientes, Mexico.
- Recurrent owns 49 percent of the Horus Solar project, while Korea Electric Power Corporation (KEPCO) and Sprott own 15 percent and 36 percent respectively.
- The 119 MW solar project was built using Canadian Solar's high efficiency BiHiku bifacial modules.
- Thank you to our partners at KEXIM and KEB Hana Bank, together with the project sponsors KEPCO and Sprott, for helping enable this solar project that will bring more emissions-free power to Mexico.