Recurrent Energy, a subsidiary of Canadian Solar, secured $160 million in financing for its 127 MW Bayou Galion Solar project in Louisiana. Microsoft will purchase all energy and credits to achieve its carbon-negative goal by 2030, significantly boosting Louisiana’s renewable capacity. Mitsubishi UFJ Financial Group coordinated the financing. With Primoris Renewables Energy as its EPC partner, Bayou Galion Solar project is through construction since December 2023, and is expected to be operational by fall 2024.
Microsoft partners with Recurrent Energy on Louisiana PV project
Microsoft partners with Recurrent Energy, purchasing 100% of Bayou Galion Solar’s energy to achieve its carbon-negative goal by 2030. (Image Credit: Recurrent Energy).
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)