CIT Group’s power and energy unit served as sole lead arranger on a $162 million financing for the East Blackland solar project in Travis County, TX.
Recurrent Energ, closed on a combined construction loan and construction letter of credit facility for the 20 MWac/28 MWp Gaskell West 1 solar power project.
Canadian Solar secured a $300 million credit facility for its subsidiary Recurrent Energy from Ping An Bank. The facility will be used to support Recurrent’s solar power project development.
Recurrent Energy closed on a tax equity investment commitment with a unit GE Energy Financial Services for the 75 megawatt (MWac) Astoria 2 solar power project.
Canadian Solar subsidiary Recurrent Energy closed on an equity commitment with GE Energy Financial Services for a 75 megawatt solar power project. A related debt facility was arranged by Santander and included Nord/LB, Radobank, Key Bank and CIT Bank.
Canadian Solar subsidiary Recurrent Energy closed on a combined construction and term debt facility, with a syndicate of five banks, for the 200 MW AC Garland solar power project in California.
Recurrent Energy closed on a tax equity investment commitment with GE Energy Financial for a solar power project. Santander Bank arranged $260 million in financing, along with a five member bank club, to support the project.