Latham & Watkins LLP represented Recurrent Energy, LLC on the financing.
Canadian Solar Inc. (NASDAQ: CSIQ) has announced that its wholly-owned subsidiary, Recurrent Energy, LLC, recently closed a construction financing totaling over US$146 million for the construction of the 100 MW Sunflower Solar Project located in Sunflower County, Mississippi. The project is being constructed pursuant to a Build Transfer Agreement with Entergy Mississippi.
Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development.
Recurrent Energy is a leading utility-scale solar and storage project developer, delivering competitive, clean electricity to large energy buyers. Based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar Inc. and functions as Canadian Solar’s U.S. project development arm.
Latham & Watkins LLP represented Recurrent Energy, LLC on the financing with a project finance team led by San Diego partner Omar Nazif (Picture), with associates Joanna Gorska and Claire Bang. Advice was also provided on tax matters by Houston partner Jim Cole, with Chicago associate Michael Zucker; on environmental matters by Los Angeles/Washington, D.C. counsel Joshua Marnitz; and on energy regulatory matters by Washington, D.C. partner Tyler Brown, with associate Jamie Blackburn.
Involved fees earner: Shin Jae Bang – Latham & Watkins; James Breckenridge Blackburn – Latham & Watkins; Tyler Brown – Latham & Watkins; Jim Cole – Latham & Watkins; Joanna Gorska – Latham & Watkins; Joshua Marnitz – Latham & Watkins; Omar Nazif – Latham & Watkins; Michael Zucker – Latham & Watkins;
Law Firms: Latham & Watkins;
Clients: Recurrent Energy LLC;