Recurrent Energy Secures $183 Million in Project Financing and Tax Equity for Merchant Storage Project in Texas
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Recurrent Energy, a subsidiary of Canadian Solar Inc. (NASDAQ: CSIQ), has secured $183 million in project financing and tax equity for its 200 MWh Fort Duncan Storage project in Texas. The project is expected to be operational by summer 2025 to support ERCOT's peak power demand.
March 18, 2025 | 11:30 am
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Canadian Solar Inc.'s subsidiary, Recurrent Energy, has secured $183 million for its Fort Duncan Storage project in Texas, enhancing its energy storage portfolio. The project is expected to be operational by summer 2025, potentially boosting revenues and market position.
The successful securing of $183 million in financing for the Fort Duncan Storage project is a significant development for Canadian Solar Inc. It indicates strong financial backing and commitment to expanding its energy storage capabilities. The project's completion by summer 2025 aligns with ERCOT's peak demand, potentially increasing revenues and strengthening market position.
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