Recurrent Energy Secures Financing for 200 MWh Solar Storage Project in Texas Ahead of 2025 Operations A leading developer of solar energy projects in North America, Recurrent Energy has secured financing for its 200 megawatt-hour (MWh) Fort Duncan Solar Storage project in Texas. This strategic move is expected to provide clean and reliable energy storage solutions to the local market, further solidifying Recurrent Energy's position as a prominent player in the solar industry. The Fort Duncan Solar Storage project is part of Recurrent Energy's broader initiative to expand its presence in North America, with a specific focus on Texas. By entering this market, Recurrent Energy aims to deliver sustainable energy solutions that cater to the growing demands of homes, businesses, and industries. Recurrent Energy's dedication to solar energy development and deployment aligns with its mission to accelerate the transition to a clean energy economy. The company's innovative approach to solar projects has earned it a leadership position in the industry, and this new project represents a pivotal step forward in its growth trajectory. The Fort Duncan Solar Storage project is anticipated to provide 200 MWh of power storage capacity, which will be utilized for applications such as peak shaving, load shifting, and energy arbitrage. The project's scheduled completion date is set for 2025, marking an essential milestone in Recurrent Energy's expansion plans. Recurrent Energy's success in securing financing for its Fort Duncan Solar Storage project underscores the company's commitment to investing in clean energy solutions and supports its mission to drive sustainability. This achievement is poised to contribute significantly to the country's renewable energy landscape, as Recurrent Energy continues to push the boundaries of innovation in the solar sector. Recurrent Energy's strategic investment in this project further reinforces its stance on harnessing the potential of solar energy to create a more sustainable future. The company's forward-thinking approach has garnered recognition, and its Fort Duncan Solar Storage project will undoubtedly be a benchmark for future projects in the industry.

Recurrent Energy Secures $183 Million in Project Financing and Tax Equity for Texas Storage Project Recurrent Energy, a subsidiary of Canadian Solar Inc., has secured $183 million in project financing and tax equity for its 200 MWh Fort Duncan Storage project in Maverick County, Texas. The storage facility is currently under construction and is expected to be commercially operational by summer 2025. The Fort Duncan Storage project will support ERCOT's peak power demand, contributing to the reliability and resilience of the grid in Texas. With the addition of this infrastructure, Recurrent Energy is helping to facilitate the growth of the state's economy while leveraging low-cost renewable energy sources. Nord/LB led the project financing, which includes a construction and term loan, a tax equity bridge loan, and a letter of credit facility totaling $112 million. Additionally, Recurrent Energy has executed a $71 million tax equity partnership with Greenprint Capital. "We are pleased to support the growing Texas economy with infrastructure that improves reliability and supports the use of low-cost renewable energy," said Ismael Guerrero, CEO of Recurrent Energy. "Thank you to our partners at Nord/LB and Greenprint for their innovative partnership on these transactions."

UJVN has issued a tender to set up a 16 MW/40 MWh Battery Energy Storage System (BESS) project near Pathri HEP in Haridwar district. UJVN will sell the power to UJVNL