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Project Finance Brief: Recurrent Energy Secures $260 Million for 94 MW Solar Project

OCI Energy sells 120 MW solar project to Sabanci Renewables

July 23, 2025

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Recurrent Energy, a solar and energy storage project developer and wholly owned subsidiary of Canadian Solar, closed $260 million in project financing and tax equity for the 94 MW Blue Moon Solar project located in Harrison County, Kentucky. U.S. Bank, through its subsidiary U.S. Bancorp Impact Finance, is providing both tax equity and construction financing for the project. The project is currently under construction and is expected to reach commercial operation in 2026.

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