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Recurrent Energy TX Solar Projects Close on Funding (Ind. Report)
Canadian Solar,Recurrent Energy
Date: 2020-07-22
Guelph, Ontario-based Canadian Solar Inc. reports its wholly-owned subsidiary Recurrent Energy, LLC has closed $282 million of debt financing for construction of its Maplewood and Maplewood 2 solar projects, in Pecos County, West Texas. The financing was provided by a bank clubled by Norddeutsche Landesbank (Nord/LB), which included Export Development Canada , Rabobank, National Bank of Canada and Bayerische Landesbank

The 327MW Maplewood Solar Project will deliver clean energy to Anheuser-Busch under a PPA contributing to the brewer's 2025 sustainability goals for the United States, which include a 100 percent renewable purchased electricity target and a 25 percent reduction of carbon dioxide emissions across its supply chain.

The projects will utilize Canadian Solar's high efficiency bifacial moduleswhich, relative to traditional monofacial modules,produce electricity from both sides of the panel thereby increasing total energy generation and improving reliability during winter months. (Source: Canadian Solar, PR, Website, 21 July, 2020) Contact: Canadain Solar,; Recurrent Energy,

More Low-Carbon Energy News Canadian Solar,  Recurrent Energy,  Solar,  

Stanford Planning 100 pct Solar Energy by 2021 (Ind. Report)
Recurrent Energy
Date: 2018-12-05
In the Golden State, Stanford University is reporting a second solar-generating plant that is slated for construction within the next three years will complete the university's transition to clean power and further shrink campus greenhouse gas emissions.

To that end, Stanford has contracted with Recurrent Energy for an 88-MW solar photovoltaic plant to be constructed in central California, near Lemoore. The plant is scheduled to go online in late 2021. The new solar plant, to be known as Stanford Solar Generating Station #2, is projected to reduce GHG emissions to 80 pct below peak levels four years ahead of the university's long-range plan.

California enacted legislation earlier this year that requires electricity to be 100 pct carbon-free by 2045. (Source: Stanford University, Dec., 2018)Contact: Stanford University, E.J. Miranda, University Communications: (650) 724-9161,,; Recurrent Energy, (415) 675-1500,

More Low-Carbon Energy News Solar,  Recurrent Energy,  

Recurrent Energy Completes Solar Projects Sale to KEPCO (M&A)
Canadian Solar ,Korea Electric Power Corporation
Date: 2018-03-19
Canadian Solar Inc. subsidiary Recurrent Energy reports it has completed the sale of its interests in three solar PV projects totaling 235 MWac/309 MWp to the Korea Electric Power Corporation (KEPCO), a South Korean electric utility giant.

KEPCO's acquisitions, which include the Astoria (100 MWac/131 MWp), Astoria 2 (75 MWac/100 MWp) and the Barren Ridge project (60 MWac/78 MWp) in Southern California, all came online in 2016 and have signed long-tern PPAs in place. The acquisitions are KEPCO's largest US solar investments to date. (Source: Canadian Solar, Zacks, NAZDAQ, 14 Mar., 2018) Contact: KEPCO,; Canadian Solar, Dr. Shawn Qu, CEO,; Recurrent Energy, (415) 675-1500,

More Low-Carbon Energy News Recurrent Energy,  Canadian Solar ,  Solar,  Korea Electric Power Corporation ,  

Recurrent Ads 71 MW-AC Solar in North Carolina (Ind. Report)
Canadian Solar,Recurrent Energy
Date: 2017-10-27
Canadian Solar subsidiary Recurrent Energy reports the commissioning of the IS-42 PV project near Fayetteville, North Carolina. The 71 MW-AC single-axis mounted solar project, which is one of the largest solar projects east of the Mississippi, holds a long-term PPA to sell power to Duke Energy Progress. This is Recurrent's first completed project in North Carolina. (Source: Recurrent Energy, PV Mag, Others, 23 Oct. 2017)Contact: Recurrent Energy, (415) 675-1500,; Canadian Solar, (519) 837-1881,; Duke Energy Progress,

More Low-Carbon Energy News Duke Energy,  Solar,  Canadian Solar,  Recurrent Energy,  

MID Buying Solar to Meet Calif. Renewable Mandate (Ind. Report)
Modesto Irrigation District
Date: 2017-10-06
In the Golden State, the Modesto Irrigation District (MID) reports it will purchase approximately $230 million-worth of Southern California-generated solar power over the next 20 years to meet the state's renewable energy mandate. The power will be purchased at a fixed price and sold st the market rate at time of sale.

MID secures most of its renewable energy credits (RECs) from wind farms in northwestern states and expects to meet California's 33 pct from renewable sources threshold in 2020, but would fall behind a higher mandate by 2023 without the new solar purchase.

MID will spend about $7 million a year buying solar power from NextEra Energy's Blythe IV solar farm in Riverside County near the Arizona border. MID will pay another $5 million a year for power from Recurrent Energy's Mustang Two Barbaro solar farm in Kings County near the Lemoore Naval Air Station. (Source: Modesto Irrigation District , Modesto Bee, 28 Sept., 2017) Contact: Modesto Irrigation District, (209) 526-7337,

More Low-Carbon Energy News Solar,  Renewable Energy Credit,  

Recurrent Energy, Peninsula Clean Energy Ink 100MW Solar Power Supply Deal (Ind. Report)
Canadian Solar Inc,Recurrent Energy
Date: 2017-09-18
Canadian Solar Inc is reporting that its wholly-owned subsidiary, Recurrent Energy, has inked a 15-year PPA with Peninsula Clean Energy in San Mateo County, California. Per the agreement, Recurrent Energy will supply 100 MW of new solar power to Peninsula Clean Energy from its Mustang Two solar PV project in Kings County, CA. The project is expected to commence its commercial operation in 2019.

Peninsula Clean Energy is the official power supplier of San Mateo County, CA. It provides customers the choice of receiving electricity from clean, renewable sources at competitive rates. Customers can choose from its ECOplus option which is 50 pct renewable and 75 pct greenhouse gas emissions free or ECO100 option that is 100 pct renewable and 100 pct greenhouse gas emissions free. (Source: Canadian Solar, Nasdaq, 14 Spet., 2017) Contact: Recurrent Energy, (415) 675-1500,; Canadian Solar, (519) 837-1881,; Peninsula Clean Energy,

More Low-Carbon Energy News Peninsula Clean Energy,  Canadian Solar,  Recurrent Energy,  

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