GUELPH, ON, July 24, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today the successful financial close on a €50 million loan from the European Investment Bank ("EIB"). The facility will support the development and construction of a solar energy portfolio in Italy. Ismael Guerrero, CEO of Recurrent Energy, commented, "We are excited to extend our banking relationship with such an entity as the EIB. Recurrent Energy has been expanding its presence in Italy since 2017. Recurrent Energy currently has a pipeline in EMEA that includes 10.3 GWp in Solar PV and 32.8 GWh in battery energy storage.
