Canadian Solar unit Recurrent Energy closes $695 million financing for 330 MW California solar project

Reuters2026/08/13 11:02

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Recurrent Energy, a Canadian Solar subsidiary, closed USD 695 million of project financing and tax equity for its 330 MW Cobalt Solar project.
Debt package totals about USD 484 million, led by MUFG and Nord/LB, spanning construction and term loans plus related facilities.
Wells Fargo provided USD 211 million of tax equity for the California project.
Cobalt Solar is under construction in Riverside County, California, with commercial operations targeted by end-2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canadian Solar Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608130700PR_NEWS_USPR_____CN24683) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Canadian Solar unit Recurrent Energy closes $695 million financing for 330 MW California solar project

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