Recurrent Energy has secured USD 160 million for a 127 MW PV project in Louisiana. The company has also signed a power purchase agreement with Microsoft for the entirety of Bayou Galion Solar project. Mitsubishi UFJ Financial Group was the lead arranger for this project financing. The project was conceptualized in 2018, with construction starting in December 2023. It is expected to become operational by fall 2024.
Recurrent Energy secures USD 160M for Louisiana solar project
Microsoft signs power purchase agreement with Recurrent Energy for Bayou Galion Solar project, financing led by Mitsubishi UFJ Financial Group. (Image Credit: Recurrent Energy).
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)