As the U.S. accelerates its clean energy transformation, Kentucky—long known for its coal legacy—is about to mark a pivotal shift. Recurrent Energy, a subsidiary of Canadian Solar, has secured $260 million in financing from US Bancorp Impact Finance to develop the Blue Moon Solar Project. This not only strengthens Recurrent Energy’s U.S. portfolio but also signals growing confidence in renewable investments across new geographies. Here's how this financing deal sets the stage for a solar-powered milestone in Kentucky.

Strategic Financing Powers Blue Moon’s Launch in Kentucky
The $260 million in funding from US Bancorp Impact Finance is a mix of tax equity and construction loan—an integrated package that highlights the bank’s expertise in renewable energy financing and its ongoing partnership with Recurrent Energy. This isn’t their first collaboration: past ventures include $80 million for the Liberty Solar project and a $120 million multi-bank deal. With this new round, US Bank further cements itself as a key player in accelerating clean energy infrastructure while supporting proven sponsors like Recurrent.

Blue Moon Solar: A First for Kentucky and a Step Toward Grid Transformation
Set to become operational in 2026, the 94 MW Blue Moon Solar project is Recurrent Energy’s inaugural venture in Kentucky. Located in Harrison County, the facility is designed to generate clean electricity and renewable energy certificates under a long-term PPA with Constellation. As the state welcomes its first Recurrent project, the Blue Moon installation not only enhances local energy reliability but also opens the door for more solar deployment in regions traditionally dominated by fossil fuels.

A Bright Future: What This Means for Recurrent and the Renewable Landscape
With full ownership and long-term operation rights post-commissioning, Recurrent Energy reinforces its vertically integrated model—from development to operation. The Blue Moon project is a tangible example of how public-private finance can enable the transition to clean power. For stakeholders and renewable advocates, this deal proves that impactful solar development isn’t confined to sunbelt states—it’s expanding into new, promising terrain like Kentucky.

Conclusion:
Recurrent Energy’s Blue Moon project is more than just a solar plant—it’s a symbol of renewable growth where it’s least expected. With $260 million backing it, and a clear path to commercial operation, this Kentucky venture could pave the way for future regional transformations. Want more insights into clean energy deals shaping the future? Follow our blog and subscribe for the latest in renewables and project finance.