Recurrent Energy inks build-transfer deal for 100-MW solar project

Canadian Solar Inc., announced its wholly owned subsidiary Recurrent Energy, LLC has signed a build-transfer agreement  for a base purchase price of approximately $138.4 million with Entergy Mississippi on a 100 megawatt solar photovoltaic project. One of the first solar BTAs to be signed in the U.S., this agreement is expected to provide Entergy with the largest utility-owned solar facility in the state of Mississippi, pending approval by the Mississippi Public Service Commission.

The 100 MWac Sunflower solar project, located on approximately 1,000 acres in Sunflower County, Mississippi, is being developed by Recurrent Energy. Once the facility is operational, which is expected by mid-2022, Entergy Mississippi will own the Sunflower project, allowing the regulated utility to power more than 16,000 homes with clean electricity.

The Sunflower project will use single-axis trackers and is expected to create approximately 360 jobs during construction.