Recurrent Energy Secures $1.4 Billion Credit Facility to Expand Solar and Storage Projects
The facility will help the company to develop and construct solar and storage projects across Europe.
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Recurrent Energy, a solar project developer and a wholly owned subsidiary of Canadian Solar secured a multi-currency revolving credit facility valued at up to €1.3 billion (~$1.4 billion) with ten banks. Recurrent Energy and the participating financial institutions signed the agreement in Seville, Spain.
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