Canadian Solar subsidiary Recurrent Energy has closed non-recourse project financing for its 119 MW Horus Solar project in Mexico’s Aguascalientes region, funded by Korea Eximbank and KEB Hana Bank.
The project reached Commercial Operation Date last March and has been operating since. It was awarded a PPA during Mexico’s third renewables auction through which it will sell 75% of electricity generated for 15 years and Clean Energy Certificates for 20 years. The remaining 25% will be sold on the spot market.
“The Horus project is a great example of the high value projects that we aim to develop and finance across the world,” says Ismael Guerrero, CEO of Recurrent Energy. “Thank you to our partners at KEXIM and KEB Hana Bank, together with the project sponsors KEPCO and Sprott, for helping enable this solar project that will bring more emissions-free power to Mexico. We remain committed to the Mexican market that boasts some of the best fundamentals worldwide for solar development.”
Recurrent owns 49% of the project, with Korea Electric Power Corporation owning 15% and Sprott owning 36%.
The post Recurrent Energy Closes Financing for 119 MW Mexico Project appeared first on Solar Industry.
For those who struggle with elementary school arithmetic, Trump won the election (50%+ approval) out of more than 150 million votes cast, and now his approval rating is in the low 30s.
That’s ~30 million voters who regret their choices, out of the common American.
Add in the Tucker Carlsons of the world.
Absolutely.
It must be done, because our country is home to some hateful morons who want to see honest, hardworking, taxpaying people with brown skin deported, and their families torn apart.
It wasn’t the American way until recently, but it sure is now.
As shown at left, the United States is loaded with people who twist the facts to their liking.
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