Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ), announced that it has closed on debt and tax equity financing for a 102 MW-DC/74.8 MW-AC project in North Carolina. The NC 102 project is currently under construction in Cabarrus County, in the South-Central part of the state, and Recurrent Energy expects to put the plant online in the third quarter of this year.
CohnReznick Capital was pleased to have advised Canadian Solar in the financing of the NC 102 project. This was the third such successful financial advisory engagement with Canadian Solar.
Prudential Capital Group will provide a $107 million debt facility, and the U.S. Bancorp Community Development Corporation (USBCDC) is making a tax equity investment under a separate agreement.
To read the full press release, click here.