Recurrent Energy Signs Two New Tolling Agreements With Arizona Public Service Company
Portfolio Pulse from Benzinga Newsdesk
Recurrent Energy has signed two 20-year tolling agreements with Arizona Public Service Company for the Desert Bloom Storage and Papago Solar projects in Maricopa County, Arizona. Construction is set to begin in 2025, with operations starting in 2026.
October 31, 2024 | 11:30 am
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Recurrent Energy, a subsidiary of Canadian Solar Inc. (CSIQ), has signed two significant tolling agreements with Arizona Public Service Company. These agreements involve the Desert Bloom Storage and Papago Solar projects, which are expected to enhance CSIQ's renewable energy portfolio.
The signing of these tolling agreements is a positive development for CSIQ as it expands its renewable energy projects. The long-term nature of the agreements provides stability and potential growth in revenue, which is likely to positively impact CSIQ's stock in the short term.
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