Canadian Solar unit Recurrent Energy closes $695 million financing for 330 MW California solar project
CSIQ•Project financing closed for Cobalt Solar
Canadian Solar unit Recurrent Energy closed USD 695 million of project financing and tax equity for its 330 MW Cobalt Solar project.
- The 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.
