Recurrent Energy, a wholly owned subsidiary of Canadian Solar, has broken ground on the 100-megawatt Sunflower Solar Project in Mississippi. Upon completion, it is expected to be the largest solar project in the state.
In addition, Recurrent Energy has closed more than $146 million of debt financing from Norddeutsche Landesbank and Rabobank to support construction of the solar project.
Sunflower is one of the first utility-scale solar projects to be constructed under a build-transfer agreement (BTA) in the United States, according to Recurrent Energy. The company signed a BTA with Entergy Mississippi in 2018, designating the regulated utility to own the Sunflower solar project when it reaches commercial operation in early 2022.
The project will use Canadian Solar's high-efficiency modules, powering more than 16,000 homes with low-cost, clean electricity.
