Powering the Future: Recurrent Energy's Solar Success Stories
July 2, 2024, 9:35 pm
Location: Canada, Ontario, Guelph
Employees: 10001+
Founded date: 2001
Total raised: $159.68M
Location: United States, California, San Francisco
Employees: 201-500
Founded date: 2006
Total raised: $2.15B
Dive into the world of renewable energy with Recurrent Energy's latest solar projects in Arizona and Oklahoma, showcasing their commitment to a sustainable future.
In the scorching heat of Arizona, Recurrent Energy has closed a monumental $513 million financing deal for the Papago Storage project, set to be the largest energy storage project in the state. With a 20-year tolling agreement in place with Arizona Public Service Company, this project is a beacon of hope for renewable energy enthusiasts.
The Papago Storage project, boasting a massive 1,200 MWh capacity, is a testament to Recurrent Energy's dedication to advancing the clean energy transition. Expected to create 200 jobs during construction and power approximately 244,000 homes daily, this project is a game-changer in Arizona's energy landscape.
But the solar success stories don't stop there. In Oklahoma, Recurrent Energy has completed the North Fork Solar Project, a 160 MW solar farm supplying power to the Oklahoma Municipal Power Authority. With a $103 million tax credit transfer agreement with Bank of America, this project is a shining example of sustainable finance in action.
The North Fork Solar Project, operational and thriving, marks Recurrent Energy's first production tax credit transaction and tax credit transfer transaction. By transferring tax credits efficiently, Recurrent Energy can access funding more quickly, ensuring the project's success and impact on the community.
Both projects showcase Recurrent Energy's expertise in solar and energy storage development, with a global project pipeline that is second to none. With a commitment to sustainability and a track record of success, Recurrent Energy is leading the charge towards a greener, cleaner future.
As the world grapples with the challenges of climate change, projects like Papago Storage and North Fork Solar are beacons of hope, showing that renewable energy is not just a dream but a tangible reality. With partners like Bank of America, NordLB, and Rabobank by their side, Recurrent Energy is paving the way for a brighter tomorrow.
In a world where every watt counts, Recurrent Energy is a shining example of what can be achieved when passion, innovation, and dedication come together. The future of energy is bright, and Recurrent Energy is leading the way.
In the scorching heat of Arizona, Recurrent Energy has closed a monumental $513 million financing deal for the Papago Storage project, set to be the largest energy storage project in the state. With a 20-year tolling agreement in place with Arizona Public Service Company, this project is a beacon of hope for renewable energy enthusiasts.
The Papago Storage project, boasting a massive 1,200 MWh capacity, is a testament to Recurrent Energy's dedication to advancing the clean energy transition. Expected to create 200 jobs during construction and power approximately 244,000 homes daily, this project is a game-changer in Arizona's energy landscape.
But the solar success stories don't stop there. In Oklahoma, Recurrent Energy has completed the North Fork Solar Project, a 160 MW solar farm supplying power to the Oklahoma Municipal Power Authority. With a $103 million tax credit transfer agreement with Bank of America, this project is a shining example of sustainable finance in action.
The North Fork Solar Project, operational and thriving, marks Recurrent Energy's first production tax credit transaction and tax credit transfer transaction. By transferring tax credits efficiently, Recurrent Energy can access funding more quickly, ensuring the project's success and impact on the community.
Both projects showcase Recurrent Energy's expertise in solar and energy storage development, with a global project pipeline that is second to none. With a commitment to sustainability and a track record of success, Recurrent Energy is leading the charge towards a greener, cleaner future.
As the world grapples with the challenges of climate change, projects like Papago Storage and North Fork Solar are beacons of hope, showing that renewable energy is not just a dream but a tangible reality. With partners like Bank of America, NordLB, and Rabobank by their side, Recurrent Energy is paving the way for a brighter tomorrow.
In a world where every watt counts, Recurrent Energy is a shining example of what can be achieved when passion, innovation, and dedication come together. The future of energy is bright, and Recurrent Energy is leading the way.