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.
If you’re looking for an indication as to how far the United States has fallen, what our president said at left here is a good measure.
To call it “childish” is an insult to little kids everywhere.
Oh, he’s simply a liar, to be sure. But let’s give him credit: that’s his one and only job, i.e., to sew complete BS into the minds of those least able to process it and see it for what it is.
He’s the male version of Karoline Leavitt: quite talented at lying at every turn to support the criminal-in-chief.
A 2024 state audit revealed that California spent $24 billion on homelessness programs between 2018 and 2023 but did not consistently track whether this spending reduced homelessness. The money is not physically “missing”; rather, the state failed to collect sufficient data to evaluate the effectiveness of the funds.
If you are implying that Gavin Newsom misappropriated these funds, you are a revolting human being.
If you infer from this that Newsom is a criminal, you’re a moron, and you’re a huge part of what makes this country so totally dysfunctional.
-
Greenhouse Gases10 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change10 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Renewable Energy7 months agoSending Progressive Philanthropist George Soros to Prison?
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Greenhouse Gases10 months ago
嘉宾来稿：探究火山喷发如何影响气候预测