Solar(US:CSIQ)2025-04-30 11:31Financial Facilities - Recurrent Energy secured a multi-currency credit facility valued at up to US$415 million, backed by a consortium of four major banks[2] - The facility includes an accordion feature for potential upsizing and offers disbursements in USD, EUR, GBP, and AUD, enhancing financial agility[4] - The credit facility marks a milestone in Recurrent Energy's evolution as a fully integrated independent power producer (IPP)[5] - The consortium of lenders includes Banco Santander, Rabobank, Intesa Sanpaolo, and Morgan Stanley[6] Company Development and Projects - Recurrent Energy has developed, built, and connected 11 GWp of solar projects and over 3 GWh of energy storage projects across six continents[8] - The company's global pipeline comprises over 25 GWp of solar power and 75 GWh of energy storage capacity as of December 2024[8] - Canadian Solar has delivered nearly 150 GW of solar photovoltaic modules globally and has a contracted backlog of US$3.2 billion in battery energy storage solutions as of December 31, 2024[9] Strategic Vision - The company remains committed to a develop-and-sell model in selected markets to create strong value[5] - Ismael Guerrero, CEO, emphasized the importance of this agreement in solidifying the company's growth strategy and supporting its transformation into a leading renewable energy producer[7] Risks and Uncertainties - The company faces various risks and uncertainties that could impact future performance, including market conditions and supply chain disruptions[10]