Recurrent Energy closes project financing for its solar project in Texas
In Canada, Recurrent Energy, a global developer and owner of solar and energy storage assets, announced that it has closed project financing for its 134 MW (100 MWac) Liberty Solar project.
The project is currently under construction in Liberty County, Texas, about 50 miles northeast of Houston, and is expected to reach operation in 2024.
Rabobank acted as the coordinating lead arranger and the joint lead arranger.
Paul de Waard, executive director, Rabobank, said: “We are proud to successfully close another project financing with an industry-leading developer like Recurrent Energy and support its continuous growth across the U.S. and around the world. Recurrent Energy has been a valued Rabobank client for nearly a decade and the Liberty project is a perfect example of our partnership and support of the company’s renewable goals, which align perfectly with Rabobank’s commitment to the global energy transition.”
Ismael Guerrero, CEO of Recurrent Energy, said,: “Liberty Solar is the second project financing that Recurrent Energy has closed in North America this summer, indicating execution on our strategy to retain greater ownership of projects in select markets.”
