Recurrent Energy Secures €110 Million Green Loan Facility From International Banks Updated On Thu, Apr 4th, 2024 by Saurenergy Recurrent Energy, a subsidiary of Canadian Solar Inc. and owner of solar and energy storage assets, today announced that it has secured a multi-currency facility of up to (€110 million) $120 million from a group of international banks led by Investec Bank Plc. According to Recurrent Energy, the facility consists of a €55 million term […] Read more
Recurrent Energy Gets Financing for 119 MW Solar Project in Mexico Updated On Wed, Mar 6th, 2024 by Saurenergy Recurrent Energy, a subsidiary of solar and energy storage assets company Canadian Solar Inc. announced 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 […] Read more
Mordor Intelligence Pegs 6.97% CAGR in 2023-28 for Distributed Solar Power Generation Updated On Tue, Oct 3rd, 2023 by Saurenergy A report release by Mordor Intelligence on distributed solar power generation market size forecasts that the market is expected to grow from USD 139.96 billion in 2023 to USD 196.03 billion. It is estimated that this growth is to be attained by 2028, at a CAGR of 6.97% during the forecast period (2023-2028). The report […] Read more
CSI Energy Storage Launches Energy Storage Battery Solution for Utility Applications Updated On Thu, Sep 15th, 2022 by Saurenergy Canadian Solar has announced that CSI Energy Storage, which is part of its majority-owned subsidiary CSI Solar Co. Ltd., will launch SolBank- a proprietary-designed and manufactured energy storage battery solution for utility-scale applications. Canadian Solar held that CSI Energy Storage will also expand its battery manufacturing capacity from the existing 2.5 GWh to 10 GWh […] Read more
Canadian Solar Reports $1.43 Billion Revenues in Q2 FY21, a 105% YoY Increase Updated On Tue, Aug 17th, 2021 by Saurenergy Canadian Solar Inc. has announced its financial results for Q2 FY21 with strong revenues of $1.43 billion. The firm reports that net revenue in the Q2 FY21 grew by 105% YoY and 31% QoQ to $1.43 billion. The sequential improvement was driven by an increase in module shipments and average selling price (ASP), growth in […] Read more
Recurrent Energy Signs Agreement For 600 MWh Energy Storage Project Updated On Wed, Aug 11th, 2021 by Saurenergy A wholly-owned subsidiary of Canadian Solar Inc., Recurrent Energy today announced signing a 15-year Resource Adequacy agreement with Pacific Gas & Electric (PG&E) to provide 150 MW / 600 MWh of energy storage in phase 2 of the Crimson project. According to the firm, the 350 MW / 1,400 MWh Crimson project will be one […] Read more
Recurrent Energy’s Storage Footprint Grows in US, 11 GWh in Pipeline Updated On Wed, Jun 23rd, 2021 by Saurenergy Recurrent Energy, LLC, a wholly-owned subsidiary of Canadian Solar Inc. announced yesterday that it has expanded its energy storage footprint in the United States with several leading Battery Energy Storage Systems (BESS) contracted to be built in 2021 and 2022. These projects span retrofits as-a-service, solar plus storage PPAs, and stand-alone storage tolling agreements. California’s […] Read more
Canadian Solar Commissioned its First 6 MWp Solar PV Project in Africa Updated On Thu, Mar 15th, 2018 by Saurenergy The project reached commercial operation on November 27, 2017. Powered by 18,480 Canadian Solar’s CS6U modules, the plant is expected to generate approximately 14.6 GWh of clean, reliable solar electricity each year. Canadian Solar, solar power company has successfully completed construction and started commercial operation of a 6 MWp solar photovoltaic (PV) power project in […] Read more
Canadian Solar Sells 142MWp Solar Assets to UK’s Greencoat Updated On Fri, Feb 23rd, 2018 by Saurenergy The 24 solar power plants will generate approximately 142,000 MWh of clean energy annually, sufficient for approximately 46,000 UK households and will reduce CO2 emissions by 56,800 tons per year. Canadian Solar has announced that it has completed the sale of a 142MWp solar portfolio to UK renewable energy investor Greencoat Capital LLP The solar […] Read more
