Philip Shen

Colin Rusch

Praneeth Satish

Vikram Bagri

Alan Lau

Brian Lee

Maheep Mandloi

Allen Lau

Andre Stillman Adams

- Recurrent Energy, a subsidiary of Canadian Solar Inc., **closed $825 million in construction financing and tax equity** for its Desert Bloom Storage and Papago Solar facilities in Arizona.  **[1375877_0001104659-25-101024_tm2529077d1_ex99-1.htm:0]** 
- The construction financing was provided by Nord/LB, Mitsubishi UFJ Financial Group, Inc. (MUFG), CoBank, and Siemens Financial Services, while Wells Fargo provided the tax equity.  **[1375877_0001104659-25-101024_tm2529077d1_ex99-1.htm:0]** 
- The projects, a **600 MWh standalone energy storage facility** (Desert Bloom Storage) and a **150 MWac solar power plant** (Papago Solar), are currently under construction and are expected to begin operations in the **first half of 2026**.  **[1375877_0001104659-25-101024_tm2529077d1_ex99-1.htm:0]** 
- As of June 30, 2025, Canadian Solar's project development pipeline includes **27 GWp of solar** and **80 GWh of battery energy storage capacity**.  **[1375877_0001104659-25-101024_tm2529077d1_ex99-1.htm:1]**

Canadian Solar's Recurrent Energy Secures $825 Million for Arizona Energy Projects

- **Recurrent Energy**, a subsidiary of Canadian Solar Inc. (CSIQ), has closed **$825 million** in construction financing and tax equity for its Desert Bloom Storage and Papago Solar facilities.  **[1375877_20251021CN02920:0]** 
- The financing was provided by Nord/LB, Mitsubishi UFJ Financial Group, Inc. (MUFG), CoBank, Siemens Financial Services, and Wells Fargo.  **[1375877_20251021CN02920:0]** 
- The projects, located in Maricopa County, Arizona, include a **600 MWh** standalone energy storage facility and a **150 MWac** solar power plant.  **[1375877_20251021CN02920:0]** 
- Both facilities are currently under construction and are expected to begin operations in the **first half of 2026**, supporting Arizona Public Service's power needs.  **[1375877_20251021CN02920:0]**

Canadian Solar's Recurrent Energy Secures $825 Million for Arizona Projects

- **Canadian Solar's e-STORAGE** subsidiary has entered into Battery Storage Agreements and Long-Term Services Agreements with Aypa Power for the Elora and Hedley battery energy storage projects in Ontario, Canada.  **[1375877_20251001CN86725:0]** 
- These projects are set to provide **420 MW / 2,122 MWh of new storage capacity** to Ontario's grid, utilizing e-STORAGE's SolBank product under **20-year Long-Term Services Agreements**.  **[1375877_20251001CN86725:0]** 
- Delivery for the projects is scheduled to commence in the **first quarter of 2026**, with commercial operation expected in the **first half of 2027**.  **[1375877_20251001CN86725:0]** 
- As of **June 30, 2025**, e-STORAGE has shipped over **13 GWh of battery energy storage solutions** globally and holds a **$3 billion contracted backlog**.  **[1375877_20251001CN86725:0]**

Canadian Solar's e-STORAGE Secures 2.1 GWh Battery Storage Projects in Ontario

- **Canadian Solar** has been named a **Tier 1 PV module supplier** and a **Tier 1 Battery Energy Storage System supplier** in S&P Global Commodity Insights' inaugural 2025 Tier 1 Cleantech Companies list.  **[1375877_20250911CN71213:0]** 
- This dual recognition positions Canadian Solar among the elite global providers excelling in both photovoltaic modules and energy storage solutions.  **[1375877_20250911CN71213:0]** 
- The company earned its Tier 1 status due to **gigawatt-scale module and energy storage shipments**, **strong financial performance**, and a clear commitment to sustainability practices.  **[1375877_20250911CN71213:0]** 
- As of **June 30, 2025**, Canadian Solar's subsidiary e-STORAGE has shipped over **13 GWh** of battery energy storage solutions and boasts a **$3 billion** contracted backlog.  **[1375877_20250911CN71213:1]**

Canadian Solar (CSIQ)