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 | 11:45 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, supporting ERCOT's peak demand.
The successful securing of $183 million in financing for the Fort Duncan Storage project is a positive development for Canadian Solar Inc. It indicates strong financial backing and progress in expanding its energy storage capabilities, which is likely to enhance its market position and revenue potential.
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