Canadian Solar Inc.'s Subsidiary Recurrent Energy Secured Project Financing Of $112M For 160 MW (120 MWac) North Fork Solar Project
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar Inc.'s subsidiary, Recurrent Energy, has secured $112 million in project financing for its 160 MW North Fork Solar project, located 100 miles southwest of Oklahoma City. The project is expected to be operational in 2024.
August 31, 2023 | 11:18 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Canadian Solar Inc.'s subsidiary secured $112 million in project financing for its North Fork Solar project. This could potentially boost the company's revenues once the project becomes operational in 2024.
The secured financing will allow Canadian Solar to proceed with the North Fork Solar project, which once operational, could potentially increase the company's revenues. This is positive news for the company and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100