Canadian Solar subsidiary Recurrent Energy has secured $106.7m in debt financing for a 102 MW solar facility in North Carolina. Prudential Capital Group is providing the loan, while in a separate agreement, US Bancorp Community Development Corporation is set to make a tax equity investment. When fully operational in Q3 the third quarter of 2018, the North Carolina scheme will be one of the US state's largest solar arrays, providing energy to around 12,000 homes via a 10-year power purchase agreement with Duke Energy Carolinas.
Canadian Solar subsidiary Recurrent Energy has secured $106.7m in debt financing for a 102 MW solar facility in North Carolina. Prudential Capital Group is providing the loan, while in a separate agreement, US Bancorp Community Development Corporation is set to make a tax equity investment. When fully operational in Q3 2018, the North Carolina scheme will be one of the US state's largest solar arrays, providing energy to around 12,000 homes via a 10-year power purchase agreement with Duke Energy Carolinas.