Recurrent Energy secures $260m funding for Blue Moon Solar project

Recurrent Energy, a subsidiary of Canadian Solar, has closed a financial package of $260m for its upcoming solar energy facility, Blue Moon Solar, in Harrison County in the US state of Kentucky.

The financial package is supported by US Bank through its subsidiary US Bancorp Impact Finance, which is providing tax equity and construction financing.

The 94MW Blue Moon solar facility is currently under construction with an expected operational date in 2026.

Upon completion, Recurrent Energy will maintain ownership and operation.

Recurrent Energy CEO Ismael Guerrero stated: “We are pleased to invest in Harrison County, Kentucky. Blue Moon Solar will generate affordable, locally produced energy that will support Kentucky’s economic growth.

“We are excited to complete the financing for Blue Moon Solar and grow our investments in Kentucky, thanks to US Bank and Constellation for supporting our energy projects.”

The Blue Moon solar facility marks Recurrent Energy’s first venture in Kentucky’s renewable energy sector.

It promises to bring hundreds of jobs to the local community during construction and substantial tax revenue post-completion.

Harrison County judge and executive Jason Marshall stated: “Harrison County is open to investment, and we are pleased to work with Recurrent Energy on their newest energy facility. Blue Moon Solar will provide a major source of new tax revenue to our county.”

Constellation has committed to purchasing power and renewable energy certificates from Blue Moon through a power purchase agreement (PPA).

Bancorp Impact Finance managing director of environment finance Darren Van’t Hof stated: “We believe everyone has a role to play in creating a sustainable future, and financing a project like Blue Moon is one way we can be responsible stewards of the environment.

“Blue Moon Solar is one of several projects we’ve financed for Recurrent Energy, and we’re proud to support its work to expand sources of clean energy, strengthen the energy grid and drive local job creation.”

In April, 2025, Recurrent Energy announced the launch of operations for the Bayou Galion solar project, a 127MWdc (megawatts direct current) solar power plant located in northeastern Louisiana.

Spanning 1,080 acres in Morehouse Parish, the project began generating electricity in November 2024.