Recurrent Energy secures $695 million financing for 330 MW Cobalt solar project

SolarQuarter reports that Recurrent Energy secured $695 million of financing for its 330 MW Cobalt solar project. Financing at this scale is a meaningful signal for the utility solar market because it moves a project from development ambition toward construction and delivery. The deal also highlights the continued importance of bankable offtake, permitting, and grid access for large solar assets.