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Canadian Solar gets $160M financing, wins Microsoft as customer, for Louisiana project

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Microsoft said it will purchase 100% of the energy and renewable energy credits produced by Bayou Galion Solar to support its goal to be carbon negative by 2030. Recurrent Energy began construction of Bayou Galion Solar in December and selected Primoris Services  as its engineering, procurement and construction partner; the project is expected to be operational by fall 2024. Louisiana had 145 MW of operating wind, solar and energy storage capacity as of the end of September 2023, and the project will significantly expand the amount of installed renewable energy capacity.  More on Canadian Solar  Canadian Solar: From China With Modules Canadian Solar: Too Cheap To Ignore Canadian Solar: Q3 Earnings Highlight Prospects For Future Margin Gains","content":"<html><body><p>Canadian Solar (<span>NASDAQ:CSIQ</span>) <span>+0.5%</span> in early trading Tuesday as its Recurrent Energy subsidiary said it has secured $160M in project financing for its 127 MW Bayou Galion Solar project in Louisiana.</p> <p>Microsoft said it will purchase 100% of the energy and renewable energy<span> credits produced by Bayou Galion Solar to support its goal to be carbon negative by 2030.</span></p> <p>Recurrent Energy began construction of Bayou Galion Solar in December and selected Primoris Services (PRIM) as its engineering, procurement and construction partner; the project is expected to be operational by fall 2024.</p> <p>Louisiana had 145 MW of operating wind, solar and energy storage capacity as of the end of September 2023, and the project will significantly expand the amount of installed renewable energy capacity.</p> <div> <h2>More on Canadian Solar</h2> <ul> <li>Canadian Solar: From China With Modules</li> <li>Canadian Solar: Too Cheap To Ignore</li> <li>Canadian Solar: Q3 Earnings Highlight Prospects For Future Margin Gains</li> </ul> </div></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Microsoft said it will purchase 100% of the energy and renewable energy credits produced by Bayou Galion Solar to support its goal to be carbon negative by 2030. Recurrent Energy began construction of Bayou Galion Solar in December and selected Primoris Services (PRIM) as its engineering, procurement and construction partner; the project is expected to be operational by fall 2024. Louisiana had 145 MW of operating wind, solar and energy storage capacity as of the end of September 2023, and the project will significantly expand the amount of installed renewable energy capacity.  More on Canadian Solar  Canadian Solar: From China With Modules Canadian Solar: Too Cheap To Ignore Canadian Solar: Q3 Earnings Highlight Prospects For Future Margin Gains","news_type":1},"isVote":1,"tweetType":1,"viewCount":1240,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":27,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/271479438143584"}