NEW YORK and GUELPH, ONTARIO, October 3, 2024 – Recurrent Energy, a subsidiary of Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ) and a global developer,

Recurrent Energy announced today the successful financial close on a €50 million loan from the European Investment Bank (“EIB”).

Recurrent Energy today announced it has secured $513 million in project financing for its landmark Papago Storage project located in Maricopa County, Arizona.

Recurrent Energy announced today the inauguration of the 446 MWp / 360 MWac Marangatu Solar Complex in Brasileira, Brazil.

Planning permission for a 200MW/400MWh, Battery Energy Storage System has been granted by Cumberland Council after the application was unanimously approved by the Council’s planning committee.

Recurrent Energy announced today the initial closing and funding of an investment in Recurrent Energy’s platform by BlackRock through a fund managed by its Climate Infrastructure business.

Canadian Solar today announced the release of its 2023 Sustainability Report. This report showcases the Company’s ongoing progress and achievements in its environmental, social, and governance (ESG) initiatives.

Recurrent Energy today announced that it has completed the sale of its 49.9 MWp Middle Road solar project in the UK to Centrica Business Solutions, an integrated energy solutions company.

Recurrent Energy today announced that it has secured a landmark multi-currency revolving credit facility valued at up to €1.3 billion with ten banks for the construction of renewable energy projects in several European countries.