Mizuho Corporate Bank

Recurrent Diversifies From US Markets With Mizuho Financing For Canadian Solar Projects

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With TransCanada’s proposed Keystone XL pipeline under scrutiny and Canada announcing its exit from the Kyoto Protocol, the fossil-fuel-rich country often surprises observers with its commitment to renewable energy investments as well.

On Monday, California-based Recurrent Energy announced that it has secured $250 million in financing for twenty utility-scale solar developments–producing a total of 200 MW of power–in the Canadian province of Ontario. The funds, from Mizuho Corporate Bank, are being transferred as a four-year construction revolver credit facility, one of the largest of its kind in North America. Keep reading →

 /  Published December 20, 2011 at 6:00 AM

Renewable Financing Is Not What It Used To Be

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Challenges abound for renewable power companies, especially small and medium-sized firms.

Difficulty obtaining a power purchase agreement, tax incentive uncertainty, the European debt crisis, and the post Lehman financial crisis in the US all continue to pose serious challenges. Keep reading →

 /  Published October 31, 2011 at 6:00 AM