US-based Recurrent Energy, a subsidiary of Canadian Solar Inc., has secured a €50 million loan from the European Investment Bank (EIB) for solar energy projects in Italy. The five-year facility aligns with the EIB’s focus on Renewable Energy, Climate Action, and Economic Cohesion. Since 2017, Recurrent Energy has been expanding its Italian operations and recently launched a 51 MW solar PV project in Marsala, Sicily. The compay has a substantial pipeline in the EMEA region, including 10.3 GWp of PV and 32.8 GWh of battery storage.
Recurrent Energy secures EIB loan for solar expansion
Recurrent Energy receives a substantial €50 million loan to expand its solar energy projects in Italy. (Image Credit: Pexels)
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