Recurrent Energy secures €1.3 billion credit facility to accelerate renewable energy expansion in Europe

Recurrent Energy, a solar developer under Canadian Solar, secured a €1.3 billion credit facility to expand renewable energy projects across Europe, with a focus on Spain and Italy. The financing, coordinated by leading banks, provides flexible capital access for developing new solar projects to support Europe's energy transition. The credit facility targets accelerating renewable capacity additions to reduce reliance on fossil fuels in key European markets. Canadian Solar, Recurrent Energy's parent company, will leverage this financing to scale its European portfolio. The deal underscores the growing demand for large-scale solar financing in Southern Europe's renewable energy markets.

Counterparts (2)

parent_company

Canadian Solar Inc.

company · 5 deals

Canadian Solar Inc. is a global solar technology and renewable energy company, manufacturing solar PV products and providing solar energy and battery storage solutions. It has developed over 9.8 GWp of solar and 3.0 GWh of battery storage projects worldwide, with a total project pipeline of 62.0 GWp solar and 20.0 GWh battery storage.

borrower

Recurrent Energy

company · 2 deals

Recurrent Energy is a leading utility-scale solar and energy storage project developer, delivering competitive clean energy to communities across North America. As a wholly owned subsidiary of Canadian Solar, Recurrent Energy has significant financial strength and expertise to develop, build, own and operate projects.