Canadian Solar Sells Roserock Solar Project to Southern Co

Southern Co., parent company of Mississippi Power, said the electricity and associated renewable energy credits generated by the facility will be sold under a 20-year power purchase agreement with Austin Energy. Of particular focus will be the benefits of achieving climate mitigation goals by using renewable energy for all our energy needs, as well as the benefits of access to clean energy for all, including the 1.3 billion people who now have no access to reliable, modern-day energy services.

Recurrent Energy has secured construction and term debt financing for the project from five banks, including Rabobank, Santander, NORD/LB, CIT and KeyBank serving as the Coordinating Lead Arranger. The development of the Boulder Solar II project will provide incremental renewable resources meant to offset Apple’s expansion of its operations in Northern Nevada. The facility layout was developed in cooperation with mineral operator Apache Corporation.

“Representatives of the rooftop solar industry would suggest it’s all about special-interest power and politics: The large-scale solar farms and the unions who represent their workers don’t want the competition”, the San Francisco Chronicle has reported.

Officials with Idaho’s solar energy industry are encouraging lawmakers to include solar projects in a production tax now granted to other forms of renewable energy developers.

Meanwhile, Canadian Solar has closed on a construction and term debt facility for $275 million.

Canadian Solar will retain 49 percent stake in the Roserock solar PV project. In the past 14 years, Canadian. Separately, on November 12, Canaccord Genuity’s Jonathan Dorsheimer maintained a Buy rating on the stock and has a price target of $29. This acquisition expanded Canadian Solar’s total project pipeline to 8.5 GW, with approximately 2.4 GW of late-stage projects. The Montana Legislature, for instance, is debating the merits of rooftop solar for homeowners and businesses and could decide to restrict the freedom of individuals to self-generate their power with arbitrary rules or unjustified changes to the compensation self-generators receive for their excess power production.