Recurrent Energy secures a new EUR 150 million multi-currency facility with Santander CIB to support growth and its transition to IPP
GUELPH, ON, June 26, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that Recurrent Energy, its wholly-owned subsidiary for global project development and power services, has secured a €150 million multicurrency facility with Santander Corporate & Investment Banking (Santander CIB). The facility will support Recurrent Energy's growth and strategy to retain greater asset ownership in select markets. Recurrent Energy is one of the world's largest and most geographically diversified utility-scale solar and battery energy storage platforms, with a track record of 9 GW of solar...