(pv magazine) Recurrent Energy, a subsidiary of Canadian Solar, secured $160 million in project financing for its 98 MW Bayou Galion Solar project, in Northeast Louisiana.
Microsoft Corporation agreed to purchase 100% of the energy and renewable energy credits produced by Bayou Galion Solar to support its goal of being carbon negative by 2030. The project is currently under construction and is expected to be operational by fall 2024.
The Bayou Galion project is located on 1,080 acres in Morehouse Parish, Louisiana and is expected to generate enough electricity to power the equivalent of approximately 20,500 homes. Recurrent estimates the project will employ 300 people during construction. The company said it is committed to supporting local community organizations in Morehouse Parish through donations and sponsorships, in addition to the increased tax revenue for Morehouse Parish public services.
