Recurrent Energy closes $695 million financing for 330 MW Cobalt Solar project in California
CSIQ•Project financing closed for Cobalt Solar in California
Recurrent Energy closed $695 million of project financing and tax equity for the 330 MW Cobalt Solar project in California.
- The debt package totaled about $484 million, led by MUFG and Nord/LB.
- Wells Fargo provided $211 million of tax equity for the project.
- The facility in Riverside County is under construction and is targeting commercial operations by end-2027.
- The project is expected to generate power equivalent to about 82,000 homes annually.
