Recurrent Energy, a wholly owned subsidiary of Canadian Solar, has broken ground on the 144-megawatt Pflugerville Solar Project in Travis County, Texas.
Recurrent Energy has a 15-year power-purchase agreement (PPA) with Austin Energy, which was signed in 2018 for the solar project. The companies said the PPA supports Austin Energy's renewable energy goals, which include an exit from coal-fired power generation by the end of 2022.
Once operational, the Pflugerville Solar Project is expected to generate enough low-cost clean electricity to power the equivalent of 25,000 homes in Texas.
“This is an incredible accomplishment given the ongoing financing and construction challenges due to the pandemic,” said Shawn Qu, chairman and CEO of Canadian Solar. “We appreciate our trusted partners — such as U.S. Bank, CIT, Nord/LB, Rabobank and Zions Bank — who helped to bring this project to fruition, and thank the local Travis County community for their continued s
