Recurrent Energy, a subsidiary of Canadian Solar Inc. (CSIQ), Wednesday announced that it has secured a multi-currency credit facility valued at upto $415 million to expand its independent power producer or IPP portfolio across diverse geographies and markets.
The credit facility, backed by a consortium of four major banks, is expected to help the company to pursue strategic opportunities and accelerate the deployment of clean energy projects worldwide.
The company noted that the credit facility also includes an accordion feature, which allows for potential upsizing, and offers disbursements in various currencies.
Tuesday, CSIQ closed at $9.65, down 1.73 percent on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.