Recurrent Energy locks $695M financing for 330 MW Cobalt Solar project
Recurrent Energy secured $695M in project financing and tax equity for its 330 MW Cobalt Solar project in Riverside County, California, including ~$484M debt led by MUFG and Nord/LB and $211M tax equity from Wells Fargo.
CSIQ Recurrent Energy Secures $695M Financing for 330 MW California Solar Project ⠀ • Recurrent Energy secured $695M in project financing and tax equity for its 330 MW Cobalt Solar project in Riverside County, California. • The financing includes ~$484M in debt led by MUFG and Nord/LB plus a $211M tax equity investment from Wells Fargo. • Cobalt Solar is under construction and expected to reach commercial operation by the end of 2027, generating enough electricity to power ~82,000 homes annually.