Recurrent Energy expands presence in Italy with €50 million loan from EIB

Recurrent Energy, a subsidiary of Canadian Solar Inc., announced that it successfully closed a € 50 million loan from the European Investment Bank (EIB) to support the growth and construction of a solar energy portfolio in Italy.

The loan will further reinforce Recurrent Energy’s contribution to Italy’s clean energy transition, enhance the country’s renewable energy capacity, and contribute to reducing emissions and increasing energy independence.