Energy Storage News•16 days ago
Recurrent Energy secures US$825 million financing for Arizona BESS and solar projects
Key Takeaway
The successful financing of significant solar and battery storage projects highlights the continued robust investment and bankability of these technologies for developers and future power supply for large consumers.
AI Summary
- •Recurrent Energy secured US$825 million in construction financing for its battery energy storage system (BESS) and solar projects in Arizona.
- •Cypress Creek Renewables also reached financial close for a solar-plus-storage project located in Colorado.
- •These successful financing rounds underscore the continued strong investment and bankability of large-scale solar and battery storage developments in the US market for developers.
Topics
solarstoragefinancing
Article Content
Recurrent Energy has closed a construction financing for an energy storage project in Arizona. Meanwhile, Cypress Creek Renewables has reached financial close for its solar-plus-storage project in Colorado.