Solar Power World

  • Home
  • Top Solar Contractors
  • Articles
    • Most Recent Posts
    • News
      • Latest News Items
      • SPW State News Hub
      • IRA coverage
      • Solar tariffs
      • U.S. manufacturing updates
    • Featured
      • Latest Feature Stories
      • Contractor’s Corner
      • Trends in Solar
      • The Solar Explorer
  • Policy
    • The Solar Policy Scoop
    • IRA Coverage
  • Markets
    • Residential
    • Commercial
    • Community Solar
    • Utility
  • Products
    • Winners of SPW’s 2024 Top Products
    • Batteries and Storage
    • Electric Vehicle (EV)
    • Inverters
      • U.S. solar inverter manufacturers
    • Racking and Mounting
      • U.S. solar mounting manufacturers
    • Software
    • Solar Panels
      • U.S. solar panel manufacturers
  • Resources
    • About SPW
    • Digital Issues
    • Event Coverage
    • Podcasts
    • Product Manufacturing Locations
      • U.S. solar inverter manufacturers
      • U.S. solar mounting manufacturers
      • U.S. solar panel manufacturers
    • Solar Classrooms
    • Suppliers
    • Videos
    • Webinars / Digital Events
    • Whitepapers
    • Voices
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Advertise
  • Subscribe

Recurrent Energy starts construction on 144-MW solar project for Austin Energy

By Kelsey Misbrener | August 18, 2020

Share

Canadian Solar announced its wholly owned subsidiary, Recurrent Energy, commenced construction on the 144-MWAC Pflugerville Solar Project located in Travis County, Texas.

Recurrent Energy signed a PPA with Austin Energy in 2018 for the Pflugerville Solar Project to provide low-cost solar power to the utility’s customers for 15 years following the start of operation. This PPA supports Austin Energy’s renewable energy goals which commit the utility to cost-effectively reduce emissions and includes plans to exit from its coal-fired power generation by the end of 2022. Austin Energy serves more than 500,000 customers in the City of Austin, as well as several neighboring areas of Travis County and Williamson County.

“We are thrilled about this partnership with Recurrent Energy on the Pflugerville Solar Project,” said Jackie Sargent, Austin Energy general manager. “The project not only expands our renewable portfolio and advances our climate protection goals, it is also located near our customer base. The solar project will also deliver affordable energy to our customers and it demonstrates Austin Energy’s continued dedication to fiscal responsibility and environmental leadership. This project is a win-win.”

By partnering with Austin Energy on the Pflugerville Solar Project, Recurrent Energy is further expanding its footprint in Texas. With the resources and capabilities to deliver customized clean energy products and project configurations for a wide variety of customers, Recurrent Energy’s Texas partnerships to date include vertically-integrated utilities, a leading ERCOT load serving entity, and multiple C&I offtakers.

The Pflugerville Solar Project is expected to create long-term permanent jobs to support the operation and maintenance of the power plant, as well as more than 350 construction jobs of which at least 50% will be performed by local workers. The project will also have a positive economic impact on the local community by providing tax revenues for Travis County and the Elgin ISD, which will total approximately $350 million throughout the life of the project. Once operational, the Pflugerville Solar Project is expected to generate enough low-cost clean electricity to power the equivalent of approximately 25,000 Texas homes.

“This is an incredible accomplishment given the ongoing financing and construction challenges due to the pandemic. It demonstrates the dedication and capabilities of our Recurrent team, both in the tax equity financing and on-the-ground execution, and the resilience of all our partners to overcome the unique challenges together,” said Dr. Shawn Qu, chairman and CEO of Canadian Solar. “We are pleased to partner again with Austin Energy as we share their commitment to provide low-cost clean energy to customers. We appreciate our trusted partners, such as U.S. Bank, CIT, Nord/LB, Rabobank and Zions Bank, who helped to bring this project to fruition and thank the local Travis County community for their continued support through the development process.”

To support construction of the Pflugerville Solar Project, Recurrent Energy recently closed debt and tax equity financing totaling over $234 million. The tax equity financing was provided by U.S. Bank and the debt financing was provided by a bank club led by CIT Bank, which included Norddeutsche Landesbank, Rabobank and Zions Bank.

“Recurrent Energy is well recognized as a top developer of renewable energy projects,” said Mike Lorusso, managing director and group head for CIT’s Power and Energy unit. “We are pleased to work them on this financing and proud to play a continuing role in supporting the expansion of renewable power throughout the U.S.”

News item from Recurrent Energy

About The Author

Kelsey Misbrener

Kelsey Misbrener is currently managing editor of Solar Power World and has been reporting on policy, technology and other areas of the U.S. solar market since 2017.

Tell Us What You Think! Cancel reply

Related Articles Read More >

New York awards contracts for 26 large-scale renewable energy projects
New Jersey utility updates will streamline DER interconnection
DOE redirects $365 million in Puerto Rico solar + storage funding to other technologies
Pennsylvania now has 124 solar-powered K-12 schools
Solar Power World Digital Edition
Check in with the nation's leading solar construction magazine today.
 
“the-informed-solar-installer”
“solar
“spw
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for Solar Power Professionals.

Contractor’s Corner Podcast

“solar
Solar Power World
  • Top Solar Contractors
  • Solar Articles
  • Windpower Engineering & Development
  • Leadership
  • About/Contact Us
  • Subscribe
  • Advertising
  • WTWH Media

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | RSS

Search Solar Power World

  • Home
  • Top Solar Contractors
  • Articles
    • Most Recent Posts
    • News
      • Latest News Items
      • SPW State News Hub
      • IRA coverage
      • Solar tariffs
      • U.S. manufacturing updates
    • Featured
      • Latest Feature Stories
      • Contractor’s Corner
      • Trends in Solar
      • The Solar Explorer
  • Policy
    • The Solar Policy Scoop
    • IRA Coverage
  • Markets
    • Residential
    • Commercial
    • Community Solar
    • Utility
  • Products
    • Winners of SPW’s 2024 Top Products
    • Batteries and Storage
    • Electric Vehicle (EV)
    • Inverters
      • U.S. solar inverter manufacturers
    • Racking and Mounting
      • U.S. solar mounting manufacturers
    • Software
    • Solar Panels
      • U.S. solar panel manufacturers
  • Resources
    • About SPW
    • Digital Issues
    • Event Coverage
    • Podcasts
    • Product Manufacturing Locations
      • U.S. solar inverter manufacturers
      • U.S. solar mounting manufacturers
      • U.S. solar panel manufacturers
    • Solar Classrooms
    • Suppliers
    • Videos
    • Webinars / Digital Events
    • Whitepapers
    • Voices
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Advertise
  • Subscribe