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Recurrent Energy obtains funds to build 144 MW solar park in Texas

Christian Fernsby |
Recurrent Energy has begun building the Pflugerville solar park in Texas after securing over USD 234 million in debt and tax equity financing for the project.

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Topics: RECURRENT ENERGY    TEXAS   

The solar project developer, which is owned by Canadian Solar, said that it recently got tax equity financing from US Bank along with debt financing from a CIT Bank led group that also included Norddeutsche Landesbank, Rabobank and Zions Bank.

CIT Group said that its Power and Energy unit served as the sole lead arranger on a USD 162 million financing for the project.1


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