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Recurrent Energy Secures $825 Million for Arizona Energy Projects
October 24, 2025
WASHINGTON, Oct. 24 -- Recurrent Energy, a subsidiary of Canadian Solar Inc., Kitchener, Ontario, has announced that it has closed $825 million in project financing for its Desert Bloom Storage and Papago Solar facilities in Maricopa County, Arizona. The funding, which includes construction financing and tax equity, will support the completion of the large-scale projects.

The construction financing was provided by Nord/LB, Mitsubishi UFJ Financial Group (MUFG), CoBank, and Siemens F . . .

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