Accessibility StatementSkip Navigation Recurrent Energy's latest solar and energy storage projects support Arizona Public Service's record power needs KITCHENER, ON, Oct. 21, 2025 /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, today announced it has closed $825 million in construction financing and tax equity for its Desert Bloom Storage and Papago Solar facilities. Nord ...

Core Viewpoint - Recurrent Energy, a subsidiary of Canadian Solar, has successfully launched the 1,200 MWh Papago Storage facility in Arizona, which is now operational and supplying energy to Arizona Public Service (APS) to meet increasing summer electricity demand [1][2]. Group 1: Project Details - The Papago Storage project is the first of three projects with APS, collectively providing 1,800 MWh of battery storage capacity and 150 MWac of solar generation [2]. - Once all three projects are operational, they will supply enough electricity to power approximately 72,000 homes for four hours and provide solar generation capacity for around 24,000 homes annually [2]. Group 2: Community and Economic Impact - The project enhances grid reliability and contributes to local community support through tax revenues and donations to local entities such as the Harquahala Fire District and Arlington Elementary School [3]. - Arizona's leadership acknowledges the project's significance in addressing growing energy demands and diversifying the state's energy resources [3]. Group 3: Company Background - Recurrent Energy is recognized as one of the largest and most geographically diversified platforms for utility-scale solar and energy storage project development, with a global pipeline of approximately 25 GWp of solar power and over 69 GWh of energy storage capacity as of March 31, 2025 [5]. - Canadian Solar, founded in 2001, is a leading manufacturer of solar photovoltaic modules and has delivered nearly 157 GW of solar modules globally, with a significant backlog in battery energy storage solutions [6][7].